ECB Annual Report on supervisory activities

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either or both of the following criteria: (a) material exposures which are more than 90 days past-due; (b) the debtor is assessed as unlikely to pay its credit obligations in full without realisation of collateral, regardless of the existence of any past-due amount or of the number of days past due.” Options and national discretions (ONDs): options are provisions in EU law that give competent authorities or Member States a choice on how to comply with a provision selecting from a range of alternatives. National discretions are provisions in EU banking law that give competent authorities or Member States a choice as to whether or not to apply a given provision. Overall capital requirements (OCR): the sum of the total SREP capital ratio (sum of own funds requirements as set out in Article 92 of the Capital Requirements Regulation and additional own funds requirements), capital buffer requirements and macroprudential requirements. Passporting procedures: procedures concerning the freedom of establishment and the freedom to provide services in other Member States by any credit institution authorised and supervised by the competent authorities of another Member State, provided that such activities are covered by the authorisation (as regulated by Articles 33 to 46 of CRD IV). Pillar 2 guidance (P2G): a supervisory tool setting non-legally binding capital expectations above the level of overall capital requirements (OCR). It is complementary to Pillar 2 requirements (P2R). P2G is not MDA relevant and a failure to meet Pillar 2 guidance does not result in automatic action by the supervisor. Qualifying holding: a holding in a credit institution which represents 10% or more of the capital or of the voting rights or which makes it possible to exercise a significant influence over the management of that credit institution. Significant institution (SI): the criteria for determining whether banks are considered significant – and therefore under the <strong>ECB</strong>'s direct supervision – are set out in the SSM Regulation and the SSM Framework Regulation. To qualify as significant, banks must fulfil at least one of those criteria. Notwithstanding the fulfilment of the criteria, the SSM can decide at any time to classify an institution as significant to ensure that high supervisory standards are applied consistently. Single Supervisory Mechanism (SSM): a mechanism composed of the <strong>ECB</strong> and national competent authorities in participating Member States for the exercise of the supervisory tasks conferred upon the <strong>ECB</strong>. The <strong>ECB</strong> is responsible for the effective and consistent functioning of this mechanism, which forms part of the banking union. SSM Framework Regulation: the regulatory framework setting out the practical arrangements concerning the cooperation between the <strong>ECB</strong> and the national competent authorities within the Single Supervisory Mechanism, as provided for in the SSM Regulation. <strong>ECB</strong> <strong>Annual</strong> <strong>Report</strong> on supervisory activities 2016 − Glossary 77
SSM Regulation: the legal act creating a single supervisory mechanism for credit institutions in the euro area and, potentially, other EU Member States, as one of the main elements of Europe’s banking union. The SSM Regulation confers on the <strong>ECB</strong> specific tasks concerning policies relating to the prudential supervision of credit institutions. Supervisory Manual: a manual detailing the general principles, processes and procedures as well as the methodology for the supervision of significant and less significant institutions, taking into account the principles for the functioning of the SSM. It describes the procedures for cooperation within the SSM and with authorities outside the SSM. The Supervisory Manual is an internal SSM staff document; a shorter Guide to banking supervision, explaining how the SSM operates and detailing the SSM’s supervisory practices, was published in September 2014. Supervisory Review and Evaluation Process (SREP): the process used to guide the supervisory review of significant and less significant credit institutions and to determine whether (on top of minimum legal requirements) possible additional requirements should be applied with respect to own funds, disclosure or liquidity, or whether any other supervisory measures should be applied. <strong>ECB</strong> <strong>Annual</strong> <strong>Report</strong> on supervisory activities 2016 − Glossary 78
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ECB Annual
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5.2 Feeing framework 2016 67 6 Lega
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Introductory interview with Danièl
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Speaking of banks, how are the Euro
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European banking supervision has th
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exposed banks to ensure that they w
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The quantitative impact of the adve
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Figure 2 gives an overview of the S
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1.2.2 Work on other methodologies T
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Figure 4 Ratio of non-performing lo
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Chart 4 On-site inspections mainly
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The IT risk methodology was also re
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Based on the assessment methodology
Page 27 and 28: the year, JSTs actively monitored t
Page 29 and 30: frequency, duration and resources.
Page 31 and 32: Finally, the ongoing cooperation be
Page 33 and 34: 2 Authorisations, enforcement and s
Page 35 and 36: Annual assessment
Page 37 and 38: Table 5 Most authorisation procedur
Page 39 and 40: towards harmonisation by developing
Page 41 and 42: Chart 5 Enforcement and sanctioning
Page 43 and 44: 3 The SSM as part of European and g
Page 45 and 46: In 2016 the ECB in
Page 47 and 48: An ECB representat
Page 49 and 50: The Basel III reforms have not been
Page 51 and 52: Despite the significant efforts mad
Page 53 and 54: In the course of 2016 the E
Page 55 and 56: Supervisory Board Front row (from l
Page 57 and 58: Chart 8 Number of requests for revi
Page 59 and 60: Regarding gender diversity, the dis
Page 61 and 62: 4.4 Implementation of the Code of C
Page 63 and 64: 4.6 Data reporting framework and in
Page 65 and 66: • 1,295 public enquiries received
Page 67 and 68: supervisory fees (“the Fees Regul
Page 69 and 70: Total amount levied €404.5 millio
Page 71 and 72: More information on supervisory fee
Page 73 and 74: prudential purposes by national com
Page 75 and 76: Table 3a Composition of assets by r
Page 77: jurisdictions. Fit and proper asses
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ECB Annual Report on supervisory activities

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