Western Europe: Germany - Banking - German banks look to set an example

As the European Central Bank (ECB) gets started with its asset quality review of eurozone banks, German banks are assessing what year-end tidying they need to do for the December 31 balance sheet date, which will be the basis for the ECB examination. The ECB is aiming to complete its asset quality r...

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Bibliographic Details
Published in:The Banker 2013-12
Main Author: Marray, Michael
Format: Article
Language:English
Subjects:
Balance sheets
Banking industry
Commercial real estate
Cost reduction
Economic crisis
Eurozone
Institutional investments
International
Participating loans
Profits
Provisions
Regulation of financial institutions
Regulatory agencies
Small & medium sized enterprises-SME
Sovereign debt
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Summary:As the European Central Bank (ECB) gets started with its asset quality review of eurozone banks, German banks are assessing what year-end tidying they need to do for the December 31 balance sheet date, which will be the basis for the ECB examination. The ECB is aiming to complete its asset quality review in the fourth quarter of 2014 in time to begin its single supervisory mechanism role in November. But individual banks and their national regulators do not have to wait until they are handed the results of the comprehensive assessment, and already have one eye on the upcoming review. Of Germany's 128 banks, 24 will be directly supervised by the ECB, more than in any other country, which is understandable given the size of its economy and banking system.
ISSN:0005-5395