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Europe Daily Bulletin No. 12624

17 December 2020
ECONOMY - FINANCE - BUSINESS / Banks
ECB calls for maximum limitation of dividends and bonuses until September 2021
Brussels, 16/12/2020 (Agence Europe)

The ECB, acting as the single banking supervisor in the euro area, asked banks on Tuesday 15 December to either not distribute dividends, or to limit them, until September 2021.

Calling for “extreme moderation” in the face of the economic uncertainty resulting from the Covid-19 pandemic, the ECB expects dividends and share buybacks to remain below 15% of cumulative earnings in the 2019 and 2020 financial years, or no more than 20 basis points of the best-quality capital ratio (Tier 1),...

Contents

SECURITY - DEFENCE
ECONOMY - FINANCE - BUSINESS
EUROPEAN PARLIAMENT PLENARY
EU RESPONSE TO COVID-19
EXTERNAL ACTION
SECTORAL POLICIES
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
COURT OF JUSTICE OF THE EU
NEWS BRIEFS