The ECB will assume, with the uniform banking supervision, the central control over 6,000 credit institutions in the Eurozone.
The ECB will assume, with the uniform banking supervision, the central control over 6,0...
Welcome to the KPMG-ECB Office: Your gateway to knowledge about the European Central Bank (ECB) as banking supervisor.
We are ready!
On 4 November 2014 the ECB assumed, with the uniform banking supervision, the central control over 6,000 credit institutions in the Eurozone. A milestone in European integration. With the KPMG-ECB Office, we intend to provide you with the relevant information and answers to all the pressing issues in a compact form. The ECB Office bundles the entire know-how from the worldwide KPMG network for your benefit. We offer you information and solutions for dealing with the new ECB supervisory approach.
The KPMG-ECB Office can help you quickly and smoothly adapt to these new challenges. We support you in every aspect of the ECB banking supervision. We can help you understand how the uniform supervisory mechanism functions and how cooperation with the national authorities now works. We can also analyze, with you, how the ECB banking supervision will impact specifically your company and how to best contact the ECB in the future.
Europe’s banks have to prove their stability in a stress test. It is a matter of the third element of the comprehensive assessment prior to the commencement of the Single Supervisory Mechanism (SSM). Should capital gaps be found in the assessment, the effected bank must present plans explaining how they intend to close the gaps within two weeks of the publication. The results of the balance check and stress test were published in the second half of October 2014.
With the start of the Single Supervisory Mechanism in November 2014, banks can count on tailor-made solutions to the ECB supervisory approach. Our interdisciplinary and international team is not only familiar with the supervisory methods practiced in Europe to date, but our tightly-knit network provides deep insights into the new supervisory practices. Get in contact with us! We can provide you with solutions, from the discretionary freedoms of the Capital Requirements Regulation to the new supervisory monitoring process at the ECB.
The KPMG ECB Center team can support you in all your dealings with banking supervision. Get in contact with us:
Partner, KPMG in Germany
Dr. Henning Dankenbring
Partner, KPMG in Germany
Partner, KPMG in UK