Digital transformation is by far the most prominent issue on the 2020 agenda of BaFin, the supervisor responsible for Germany’s banks with less than €30 billion in assets (above, ECB is in charge). Will the key topics identified as of now for those banks in future also attract increased attention by supervisors in other jurisdictions and of bigger banks?
The never-ending story of non-performing loans (NPLs) in the eurozone has now developed into a legal discussion. The ECB started out with „guidance to banks on NPLs“ in March last year and a subsequent „addendum“ presented in October. That NPL guidance has been criticised by the European Parliament and the EU Council for being a … Continue reading ECB’s “Power Grab”? The NPL guidance, it’s legal