|
By Silvia De IACOVO, ABBL
As the contagion is hitting more and more countries, the EU is continuing to issue specific measures to counter the effects of the human and economic crises. Among the priorities of the European institutions there is the need to guarantee lending into the real economy for businesses and households. To this purpose, the European Banking Authority (EBA) has already called for flexibility in the prudential framework and supervisory approaches but, on 2 April, it clarified its expectations in relation to dividend and remuneration policies. In its statement it also provided additional guidance on how to use flexibility in supervisory reporting and recalled the necessary measures to prevent money laundering and terrorist financing (ML/TF)....
|