ECB publishes FAQs on its role in supervising euro area banks

The European Central Bank (ECB) has published a set of frequently asked questions (FAQs) about its role in supervising euro area banks. Topics include the ECB’s expectations concerning authorisations and banking licences, internal governance and risk management, internal models in banks, and ongoing supervision. The ECB intends to update the FAQs with additional material as appropriate over the coming months.

In the context of Brexit, the ECB is also holding a technical workshop on relocating to the euro area to provide information to banks about the supervisory approach in the euro area and about requirements by ECB Banking Supervision for banks potentially relocating business, regardless of the euro area Member State they may be considering for their operations. The technical workshop is scheduled for 4 May 2017 and will take place at the ECB’s premises in Frankfurt.