Banco Central Europeo

The top executives of the 11 main Spanish financial institutions (CaixaBank, Santander, BBVA, Sabadell, Bankinter, Abanca, Ibercaja, Kutxabank, Liberbank, Unicaja and Cajamar) will meet today with the Chairman of the Supervisory Board of the European Central Bank (ECB) , Andrea Enria, at the Bank of Spain. This act, considered by entities as ‘business as usual’ (within normal activity), has a fairly extensive agenda to address.

The agenda consists of five points to be discussed, among which are the stress tests that banks are now carrying out with the EBA and the ECB, to which will be added in 2022, the tests that already include the risk of climate change.

The banks’ dividend policy will also have a place in this meeting, although it will not be until September when doubts are cleared about whether or not the ECB will lift the veto on this shareholder remuneration.

The main supervisory initiatives in 2021 will be reviewed, including criteria on credit risk. The prudential measures of the Covid, a new definition on the restructuring of the debt, or the consideration of an entity with a high delinquency from the threshold of a 5% rate, are other topics that are included in the agenda that Enria has planned deal with the Spanish bankers.

The impact on the sustainability sector, digitization, the ECB project on the launch of the digital euro and its potential impact on financial stability, or the supervisor’s position on the expected impact of the EU green taxonomy on the banks, complete the issues to be discussed today between the ECB and the Spanish banks.

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