The Council adopted new rules aimed at making banks operating in the EU more resilient to possible economic shocks. The changes aim to increase the resilience of banks, strengthen their supervision and reinforce risk management. In addition they will strengthen supervision and sustainability in the banking sector. Vincent Van Peteghem, Belgian minister for finance, stated last Thursday: “The […]
Diversity in senior management improves banks
Still, banking is a man’s world. The ECB has noted that more than 300 of the 361 CEO appointments at the significant institutions (SIs) directly under its supervision as well as at their subsidiaries between 2020 and 2022 were men. Additionally, just 36% of newly appointed board members in SIs were women during the same […]
The European Commission adopted a proposal to adjust and further strengthen the current crisis management framework for banks
On 18 April, the European Commission adopted a proposal to adapt and further strengthen the existing EU system of bank crisis management and deposit insurance, with a special focus on small and medium-sized banks. The EU banking sector, which has a strong crisis management system, has become more resilient in recent years. EU financial institutions […]