Banking Supervision and COVID-19
A Handbook
Zusammenfassung
Lackhoff
Banking Supervision and COVID-19 The COVID-19 pandemic is the first crisis with which the Single Supervisory Mechanism has to cope. This mechanism was only established in response to the financial crisis. While it is not yet clear which ramifications the pandemic will have for the financial sector, regulators and in particular super visors have taken swift measures to enable credit institutions from the prudential perspective to deal with the situation. The measures already adopted lay also the ground for future legislative and supervisory responses to the dynamic development of the pandemic and touch upon general legal issues of the SSM. The book brings together the perspective of the European and national supervisors and the perspective of the supervised entities. In the first two parts the adopted measures at the Union level (e.g. in respect of dividends and IFRS 9) and the national level in France, Germany, Italy and Spain are described. The third and fourth part provide the supervised entities’ perspective to these measures and look at upcoming challenges (e.g. recapitalisation and remuneration issues).
Abstract
Lackhoff
Banking Supervision and COVID-19 The COVID-19 pandemic is the first crisis with which the Single Supervisory Mechanism has to cope. This mechanism was only established in response to the financial crisis. While it is not yet clear which ramifications the pandemic will have for the financial sector, regulators and in particular super visors have taken swift measures to enable credit institutions from the prudential perspective to deal with the situation. The measures already adopted lay also the ground for future legislative and supervisory responses to the dynamic development of the pandemic and touch upon general legal issues of the SSM. The book brings together the perspective of the European and national supervisors and the perspective of the supervised entities. In the first two parts the adopted measures at the Union level (e.g. in respect of dividends and IFRS 9) and the national level in France, Germany, Italy and Spain are described. The third and fourth part provide the supervised entities’ perspective to these measures and look at upcoming challenges (e.g. recapitalisation and remuneration issues).
- 97–100 I. Background 97–100
- 114–115 I. Introduction 114–115
- 128–130 V. Conclusion 128–130
- 148–167 K. Supervisory measures in response to the COVID-19 pandemic in Spain (Fernández Rupérez) 148–167
- 148–149 I. Overview 148–149
- 165–167 IV. Conclusion 165–167
- 167–168 I. Executive summary 167–168
- 175–177 VI. Pro-cyclicality 175–177
- 179–180 I. Introduction 179–180
- 189–190 IV. Legislative measures 189–190
- 190–193 V. Conclusions 190–193
- 193–196 I. Economic Background 193–196
- 216–219 IV. Conclusion 216–219
- 219–220 I. Introduction 219–220
- 230–231 V. Conclusions 230–231
- 236–238 I. Introduction 236–238
- 238–242 II. General principles 238–242
- 252–254 VI. Conclusion 252–254
- 254–255 I. Introduction 254–255
- 268–269 VI. Outlook 268–269
- 269–272 I. Introduction 269–272
- 279–281 IV. Conclusion 279–281
- 281–284 Index 281–284