Emmanuel Dooseman Partner, Global Head of Banking - New York, United States
The path to banking supervision in the euro area became clearer recently with the release of documents from the European Banking Authority and the European Central Bank.
The EBA published standard definitions of forbearance and non-performing loans (NPLs) as well as recommendations for how supervisory authorities should conduct asset quality reviews (AQRs).
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2014 will be a big year for European banks and their supervisors. In October 2013, the EBA issued a recommendation requiring competent authorities of all EU Member States to complete asset quality reviews (AQRs) of all relevant credit institutions by 31 October 2014.
Post crisis, almost every aspect of how banks operate, and the rewards they receive, has changed in ways we are only beginning to understand. Whilst we may not be able to predict what the future holds, our team can ensure the decisions you need to make are robust and deliver lasting results to you and your stakeholders.