“A complete Banking Union is essential for the future of the Economic and Monetary Union and for a financial system that supports jobs and growth.”

Valdis Dombrovskis
Valdis DombrovskisCommission Vice-President Valdis Dombrovskis, responsible for Financial Stability, Financial Services and Capital Markets Union

“The completion of the Banking Union is about making sure that the European banking sector is one banking sector. We need to make sure that when an investor looks at banks in Europe, they see a European bank – whether they see it from Milan, Frankfurt or Paris.”

Jean Pierre Mustier
Jean Pierre MustierPresident of the European Banking Federation

“Good supervision is based as much on judgement as on rules. Supervisory judgement is crucial in order to accommodate the individual situation of each bank; it should not be confined by overly detailed rules. In particular, this is crucial in a rapidly changing financial landscape in which rules and regulations simply cannot keep up. Here, we need to thoroughly understand evolving risks within and across banks, and we need to address them by taking a dynamic and forward-looking supervisory approach.”

Andrea Enria
Andrea EnriaChair of the European Central Bank’s Supervisory Board
Supervision

Established platform for the dialogue between banks and the European Central Bank

Banking supervision in the banking union

The EBF supports financial market integration in Europe. The initiative for a Banking Union is instrumental to achieving a more integrated European banking system. The establishment of the ECB Single Supervisory Mechanism is a decisive step that not only affects the supervised banks but also constitutes a point of reference for banks and other supervisors from all over Europe and worldwide.

The EBF has engaged in this endeavor from inception, in 2014. The implementation of the new SSM supervisory culture requires a lot of coordination, timely and effective communication as well as mutual understanding between all parties. In this journey, numerous operational difficulties arise. The EBF collaborates with the ECB in the identification and solution of problems and circumstances that deserve special attention from banks and supervisors.

Informed dialogue EBF-ECB
  • EBF SSM Boardroom Dialogue

  • EBF Expert Working Groups

  • EBF SSM Strategy Group

  • EBF Chief Economists Group

  • CEO Roundtable

Pictures from the EBF SSM Boardroom dialogue

Which issues we discuss with ECB?

Operational issues and strategic themes

  • Stress Testing

  • Cybersecurity

  • Reporting and Statistics

  • Recovery & Resolution planning

  • Targeted Review of Internal Models

  • Interest Rate Risk

  • Market Risk

  • Counterparty Credit Risk

  • On-site Inspections

  • Risk Reduction and Non performing loans

  • Leveraged lending

  • And other operational issues

  • Supervisory Review and Evaluation Process

  • Monetary Policy

  • SSM Risk Map

  • Brexit

  • Profitability

  • Fit & Proper assessment process

  • SSM Supervisory Priorities

  • Improvement of supervisory practices

  • Supervision of Less Significant Institutions

  • Macroprudential supervision

  • European Banking Institute (EBI)

  • And other strategic themes

EBF scope and activity

Number of bank participants by country in EBF  meetings with ECB in Frankfurt from 2015 to mid-2020

The EBF serves as the voice of the European banking sector, uniting 32 national banking associations from the European Economic Area plus other European countries that collectively represent some 3,500 banks – large and small, wholesale and retail, local and international.

Our teams are made of bank experts from all European countries who engage in a continuous dialogue with the ECB managers about strategic and operational issues.

From 2014, the EBF has organised more than 100 events and meetings with the ECB in Frankfurt involving bank managers and staff from across Europe.

EBF Advisers
Gonzalo Gasos

Gonzalo Gasos

Senior Director of Prudential Policy & Supervision
Judith Ay

Judith Ay

Senior Adviser - Prudential Policy & Supervision
Francisco Saravia

Francisco Saravia

Senior Adviser - Prudential Policy & Supervision
Lukas Bornemann

Lukas Bornemann

Policy Adviser - Prudential Policy & Supervision
Fabio Parola

Fabio Parola

Policy Adviser - Prudential Policy & Supervision