Nouy renews calls for Pillar 2 'guidance'
European law "needs clarification" on maximum distributable allowance, ECB's supervisory head says
The supervisory arm of the European Central Bank (ECB) believes the eurozone should adopt "capital guidance" for its global systemically important banks (G-Sibs), Danièle Nouy said today (June 13).
Failure by significant banks to meet the "Pillar 2 guidance" given by supervisors would not be "in legal terms a breach of the capital requirements", the chair of the ECB's supervisory said. As such, they would not automatically trigger the maximum distributable amount (MDA) requirement, Nouy told the
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