Banks too optimistic about expected credit losses
  • Monday, 26 April 2021

Banks too optimistic about expected credit losses

The European Central Bank (ECB) is of the opinion that European banks are too optimistic in their assessment of the level of credit risk following the COVID-19 pandemic. In their view, the level of provisions for potentially bad loans is too low, weakening the position of the banks. Credit impairments for US banks have been […]

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Banking – News – Update March
  • Wednesday, 7 April 2021

Banking – News – Update March

EBA launces public consultation on draft technical standards on Pillar 3 disclosures of ESG risks On 1 March 2021, the European Banking Authority (EBA) published a consultation paper on draft implementing technical standards (ITS) on Pillar 3 Environmental, Social and Governance (ESG) risk disclosures. The framework for ESG disclosures outlined in the draft technical standards […]

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Banking – News – Update February
  • Thursday, 4 March 2021

Banking – News – Update February

EBA publishes the 2021 EU-wide stress test scenarios The European Banking Authority (EBA) has launched the 2021 EU-wide stress test and has published the macroeconomic scenarios. The adverse scenario builds on a prolonged COVID-19 scenario in a lower for longer interest rate environment. A variety of possible negative outcomes includes ineffective vaccine distribution and mutation(s) […]

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Update from our Asia office
  • Wednesday, 17 February 2021

Update from our Asia office

Since the opening of our new Zanders office in Tokyo, the past year has been eventful and challenging for many. With the opening of our new office in the APAC region, Zanders now has a global coverage to better service our existing and new clients in this region and to overcome the time zone challenges […]

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Banking – News – Update January
  • Tuesday, 2 February 2021

Banking – News – Update January

Latest EBA publications related to the COVID19-pandemic On 16 December 2020, the European Banking Authority (EBA) welcomed the European Commission’s (EC) comprehensive action plan to tackle the expected rise of non-performing loans (NPLs) on banks’ balance sheets. The Commission’s action plan is focused on secondary markets for distressed assets, assets management companies and insolvency and […]

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