The Board of Supervisors (BoS) of the European Banking Authority (EBA) agreed on the tentative timeline and sample of the 2021 EU-wide stress test. The exercise is expected to be launched at the end of January 2021 and its results to be published at the end of July 2021. 

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The European Banking Authority (EBA) published today its quarterly Risk Dashboard together with the results of the Risk Assessment Questionnaire (RAQ). The updated data shows that the impact of COVID-19 was mainly reflected in a contraction of banks’ capital ratios and profitability, the cost of risk increased, whereas non-performing loans (NPL) ratios remained stable, confirming that...

• The EBA reminds financial institutions that the transition period between the EU and UK will expire on 31 December 2020, which will end the possibility for the UK-based financial institutions to offer financial services to EU customers on a cross-border basis (passporting).
• Financial institutions wishing to operate in the EU and offer services to their EU customers should ensure...

Following the call for input on ‘de-risking‘, the EBA is organising a virtual panel to hear more on the particular issues faced by Not-for-Profit Organisations (NPOs) in accessing banking services. The virtual event is open to all participants.

The panel will take place on Thursday, 3 September 2020 at 14:30 CET, via conference call.

Register here.