The European Banking Authority (EBA) announced, on Friday 16 December, the lifting, from January 2023, of its Guidelines that it adopted and updated to shed light on public support measures for the banking sector in the context of the Covid-19 pandemic (see EUROPE 12072/17).
“The progressive weaning of policy support is leading the path to normalisation and the return to pre-pandemic standards, while vigilance continues to be exercised”, the EBA said in a statement. In its view, the EU banking system has weathered the Covid-19 crisis well (adequate capital ratios, good asset quality, high liquidity). It calls for a strengthening of the banking prudential framework with “a loyal and swift implementation” in the EU of the ‘Basel III’ agreement (see EUROPE 13059/1).
In its final report, the EU authority takes stock of the support measures taken since March 2020, such as public guarantees on loans and a moratorium on loan repayments.
For more information: https://aeur.eu/f/4pt (Original version in French by Mathieu Bion)