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Prudential policies<br />

• CRDIV capital buffers incl. CCyB, CCB, SRB, O-SII/G-SII<br />

• Pillar I and Pillar II soft and hard supervisory requirements (P2R, P2G)<br />

• Profit distribution restrictions<br />

• Regulatory changes with macroprudential relevance:<br />

2017Q4<br />

Announcement<br />

of Basel III<br />

finalization with<br />

the introduction<br />

year 2021<br />

2018Q1<br />

NPL Guidance:<br />

supervisory<br />

expectations<br />

for new NPLs<br />

2018Q3<br />

NPL Guidance:<br />

supervisory<br />

expectations<br />

for legacy<br />

NPLs<br />

2020Q1<br />

Release of<br />

Pilar II buffers<br />

and the frontloading<br />

of<br />

CRD5/CRR2<br />

changes<br />

2020Q2<br />

Postponement<br />

of Basel III<br />

finalization until<br />

2022<br />

• Modification of RW incl. floors<br />

• Output floor<br />

• GSII leverage buffer<br />

• Loan-loss provisioning<br />

• Covid-19 mitigation policies with significant impact on banks’ balance sheets*: public<br />

guarantees and moratoria<br />

* Budnik, K et al. (2021) “Policies in support of lending following the Covid-19<br />

pandemic”, ECB Occasional Paper, May<br />

11<br />

www.ecb.europa.eu ©

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