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It also publishes certain supervisory decisions addressed to individual banks. </p> <a href="/press/letterstobanks/html/netting_agreement_FAQs.en.html">Frequently asked questions on the notification process for the recognition of netting agreements</a> </div> <div class="definition-list -filter"><dl><dt isoDate="2022-03-30"><div class="date">30 March 2022</div></dt><dd><div class="title"><a href="/press/other-publications/publications/letterstobanks/shared/pdf/2022/ssm.2022_letter_on_leveraged_transactions.en.pdf" >Leveraged transactions</a></div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='pdf' lang="en" href="/press/other-publications/publications/letterstobanks/shared/pdf/2022/ssm.2022_letter_on_leveraged_transactions.en.pdf"> <span class="ecb-full">English</span></a></span><div class="moreLanguages"> <span class="lnglabel">OTHER LANGUAGES</span> <span class="lang-counter">(5)</span> <span class="ecb-plus">+</span> </div> <div class="ecb-langPopup"> <div 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href="/press/other-publications/publications/letterstobanks/shared/pdf/2022/ssm.2022_letter_on_leveraged_transactions.it.pdf"> <span class="ecb-full">Italiano</span><span class="ecb-short">IT</span></a></div></div></div><div class='accordion'><div class="header"><div class="title">Related</div></div><div class="content-box"><div class="definition-list "><dl><dt isoDate="2022-03-30"><div class="date">30 March 2022</div></dt><dd><div class="title"><a href="/press/interviews/date/2022/html/ssm.in220330~7ce6fc8b35.en.html" >Financial leverage and banks’ risk controls</a></div><div class="subtitle">Opinion piece by Andrea Enria, Chair of the Supervisory Board of the ECB, and Sam Woods, Deputy Governor for Prudential Regulation at the Bank of England, and CEO of the Prudential Regulation Authority, published on Bloomberg on 30 March 2022</div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='arrow' lang="en" href="/press/interviews/date/2022/html/ssm.in220330~7ce6fc8b35.en.html"> <span class="ecb-full">English</span></a></span></div></dd></dl></div></div></div></dd><dt isoDate="2021-10-18"><div class="date">18 October 2021</div></dt><dd><div class="title"><a href="/press/other-publications/publications/letterstobanks/shared/pdf/2021/ssm.2021_letter_on_participation_in_the_2022_ECB_climate_risk_stress_test~48b409406e.en.pdf" >Information on participation in the 2022 ECB Climate Risk Stress Test</a></div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='pdf' lang="en" href="/press/other-publications/publications/letterstobanks/shared/pdf/2021/ssm.2021_letter_on_participation_in_the_2022_ECB_climate_risk_stress_test~48b409406e.en.pdf"> <span class="ecb-full">English</span></a></span></div><div class='accordion'><div class="header"><div class="title">Related</div></div><div class="content-box"><div class="definition-list "><dl><dt isoDate="2021-10-18"><div class="date">18 October 2021</div></dt><dd><div class="title"><a href="/ecb/pub/pdf/ssm.climateriskstresstest2021~a4de107198.en.pdf?4e87d68b76928e0bb07adf23f39a1f47" >Climate risk stress test - Methodology</a></div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='pdf' lang="en" href="/ecb/pub/pdf/ssm.climateriskstresstest2021~a4de107198.en.pdf"> <span class="ecb-full">English</span></a></span></div></dd></dl></div></div></div></dd><dt isoDate="2020-12-15"><div class="date">15 December 2020</div></dt><dd><div class="title"><a href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.201215_letter_remuneration_policies_in_the_context_of_the_coronavirus_COVID_19_pandemic.en.pdf" >Remuneration policies in the context of the coronavirus (COVID-19) pandemic</a></div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='pdf' lang="en" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.201215_letter_remuneration_policies_in_the_context_of_the_coronavirus_COVID_19_pandemic.en.pdf"> <span class="ecb-full">English</span></a></span><div class="moreLanguages"> <span class="lnglabel">OTHER LANGUAGES</span> <span class="lang-counter">(17)</span> <span class="ecb-plus">+</span> </div> <div class="ecb-langPopup"> <div class="ecb-closeBtn"></div> <div class="ecb-langHead">Select your language</div> <div class="otherlang"><a lang="bg" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.201215_letter_remuneration_policies_in_the_context_of_the_coronavirus_COVID_19_pandemic.bg.pdf"> <span class="ecb-full">Български</span><span class="ecb-short">BG</span></a><a lang="de" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.201215_letter_remuneration_policies_in_the_context_of_the_coronavirus_COVID_19_pandemic.de.pdf"> <span 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href="/press/other-publications/publications/html/ssm.faq_ECB_supervisory_measures_in_reaction_to_the_coronavirus~8a631697a4.en.html"> <span class="ecb-full">English</span></a></span></div></dd><dt isoDate="2020-12-15"><div class="date">15 December 2020</div></dt><dd><div class="title"><a href="/press/pr/date/2020/html/ssm.pr201215~4742ea7c8a.en.html" >ECB asks banks to refrain from or limit dividends until September 2021 </a></div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='arrow' lang="en" href="/press/pr/date/2020/html/ssm.pr201215~4742ea7c8a.en.html"> <span class="ecb-full">English</span></a></span><div class="moreLanguages"> <span class="lnglabel">OTHER LANGUAGES</span> <span class="lang-counter">(5)</span> <span class="ecb-plus">+</span> </div> <div class="ecb-langPopup"> <div class="ecb-closeBtn"></div> <div class="ecb-langHead">Select your language</div> <div class="otherlang"><a lang="de" 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href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_letter_credit_risk_identification_measurement~734f2a0b84.en.pdf" >Identification and measurement of credit risk in the context of the coronavirus (COVID-19) pandemic</a></div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='pdf' lang="en" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_letter_credit_risk_identification_measurement~734f2a0b84.en.pdf"> <span class="ecb-full">English</span></a></span><div class="moreLanguages"> <span class="lnglabel">OTHER LANGUAGES</span> <span class="lang-counter">(6)</span> <span class="ecb-plus">+</span> </div> <div class="ecb-langPopup"> <div class="ecb-closeBtn"></div> <div class="ecb-langHead">Select your language</div> <div class="otherlang"><a lang="de" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_letter_credit_risk_identification_measurement~734f2a0b84.de.pdf"> 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2020</div></dt><dd><div class="title"><a href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_letter_public_guidance_at1_and_t2~0ced38e4b5.en.pdf" >Amendments to the Annexes to Public Guidance on the review of the qualification of capital instruments as Additional Tier 1 and Tier 2 instruments</a></div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='pdf' lang="en" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_letter_public_guidance_at1_and_t2~0ced38e4b5.en.pdf"> <span class="ecb-full">English</span></a></span><div class="moreLanguages"> <span class="lnglabel">OTHER LANGUAGES</span> <span class="lang-counter">(14)</span> <span class="ecb-plus">+</span> </div> <div class="ecb-langPopup"> <div class="ecb-closeBtn"></div> <div class="ecb-langHead">Select your language</div> <div class="otherlang"><a lang="de" 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href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_letter_public_guidance_at1_and_t2~0ced38e4b5.sl.pdf"> <span class="ecb-full">Slovenščina</span><span class="ecb-short">SL</span></a><a lang="sv" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_letter_public_guidance_at1_and_t2~0ced38e4b5.sv.pdf"> <span class="ecb-full">Svenska</span><span class="ecb-short">SV</span></a></div></div></div></dd><dt isoDate="2020-07-28"><div class="date">28 July 2020</div></dt><dd><div class="title"><a href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_letter_remuneration_policies_in_the_context_of_the_coronavirus_COVID_19_pandemic.en.pdf" >Remuneration policies in the context of the coronavirus (COVID-19) pandemic</a></div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='pdf' lang="en" 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href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_letter_remuneration_policies_in_the_context_of_the_coronavirus_COVID_19_pandemic.sk.pdf"> <span class="ecb-full">Slovenčina</span><span class="ecb-short">SK</span></a><a lang="sl" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_letter_remuneration_policies_in_the_context_of_the_coronavirus_COVID_19_pandemic.sl.pdf"> <span class="ecb-full">Slovenščina</span><span class="ecb-short">SL</span></a><a lang="sv" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_letter_remuneration_policies_in_the_context_of_the_coronavirus_COVID_19_pandemic.sv.pdf"> <span class="ecb-full">Svenska</span><span class="ecb-short">SV</span></a></div></div></div></dd><dt isoDate="2020-07-28"><div class="date">28 July 2020</div></dt><dd><div class="title"><a href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_letter_on_operational_capacity_in_the_context_of_the_coronavirus_COVID_19_pandemic.en.pdf" >Operational capacity to deal with distressed debtors in the context of the coronavirus (COVID-19) pandemic</a></div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='pdf' lang="en" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_letter_on_operational_capacity_in_the_context_of_the_coronavirus_COVID_19_pandemic.en.pdf"> <span class="ecb-full">English</span></a></span><div class="moreLanguages"> <span class="lnglabel">OTHER LANGUAGES</span> <span class="lang-counter">(6)</span> <span class="ecb-plus">+</span> </div> <div class="ecb-langPopup"> <div class="ecb-closeBtn"></div> <div class="ecb-langHead">Select your language</div> <div class="otherlang"><a lang="de" 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class="ecb-full">Français</span><span class="ecb-short">FR</span></a><a lang="it" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_letter_on_operational_capacity_in_the_context_of_the_coronavirus_COVID_19_pandemic.it.pdf"> <span class="ecb-full">Italiano</span><span class="ecb-short">IT</span></a><a lang="sl" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_letter_on_operational_capacity_in_the_context_of_the_coronavirus_COVID_19_pandemic.sl.pdf"> <span class="ecb-full">Slovenščina</span><span class="ecb-short">SL</span></a></div></div></div></dd><dt isoDate="2020-04-15"><div class="date">15 April 2020</div></dt><dd><div class="title"><a href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.letterstobanks_200415_Supervisory_reporting_measures_in_the_context_of_the_coronavirus_COVID-19_pandemic.en.pdf" >Supervisory reporting measures in the context of the coronavirus (COVID-19) 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href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.letterstobanks_200415_Supervisory_reporting_measures_in_the_context_of_the_coronavirus_COVID-19_pandemic.es.pdf"> <span class="ecb-full">Español</span><span class="ecb-short">ES</span></a><a lang="fi" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.letterstobanks_200415_Supervisory_reporting_measures_in_the_context_of_the_coronavirus_COVID-19_pandemic.fi.pdf"> <span class="ecb-full">Suomi</span><span class="ecb-short">FI</span></a><a lang="fr" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.letterstobanks_200415_Supervisory_reporting_measures_in_the_context_of_the_coronavirus_COVID-19_pandemic.fr.pdf"> <span class="ecb-full">Français</span><span class="ecb-short">FR</span></a><a lang="it" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.letterstobanks_200415_Supervisory_reporting_measures_in_the_context_of_the_coronavirus_COVID-19_pandemic.it.pdf"> <span class="ecb-full">Italiano</span><span class="ecb-short">IT</span></a><a lang="sl" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.letterstobanks_200415_Supervisory_reporting_measures_in_the_context_of_the_coronavirus_COVID-19_pandemic.sl.pdf"> <span class="ecb-full">Slovenščina</span><span class="ecb-short">SL</span></a></div></div></div></dd><dt isoDate="2020-04-01"><div class="date">1 April 2020</div></dt><dd><div class="title"><a href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_letter_IFRS_9_in_the_context_of_the_coronavirus_COVID-19_pandemic~4cab8e5650.en.pdf" >IFRS 9 in the context of the coronavirus (COVID-19) pandemic</a></div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='pdf' lang="en" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_letter_IFRS_9_in_the_context_of_the_coronavirus_COVID-19_pandemic~4cab8e5650.en.pdf"> <span class="ecb-full">English</span></a></span><div class="moreLanguages"> <span class="lnglabel">OTHER LANGUAGES</span> <span class="lang-counter">(6)</span> <span class="ecb-plus">+</span> </div> <div class="ecb-langPopup"> <div class="ecb-closeBtn"></div> <div class="ecb-langHead">Select your language</div> <div class="otherlang"><a lang="de" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_letter_IFRS_9_in_the_context_of_the_coronavirus_COVID-19_pandemic~4cab8e5650.de.pdf"> <span class="ecb-full">Deutsch</span><span class="ecb-short">DE</span></a><a lang="es" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_letter_IFRS_9_in_the_context_of_the_coronavirus_COVID-19_pandemic~4cab8e5650.es.pdf"> <span class="ecb-full">Español</span><span 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class="ecb-full">Slovenščina</span><span class="ecb-short">SL</span></a></div></div></div></dd><dt isoDate="2020-03-06"><div class="date">6 March 2020</div></dt><dd><div class="title"><a href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_letter_on_Contingency_preparedness_in_the_context_of_COVID-19.en.pdf" >Contingency preparedness in the context of COVID-19</a></div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='pdf' lang="en" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_letter_on_Contingency_preparedness_in_the_context_of_COVID-19.en.pdf"> <span class="ecb-full">English</span></a></span><div class="moreLanguages"> <span class="lnglabel">OTHER LANGUAGES</span> <span class="lang-counter">(6)</span> <span class="ecb-plus">+</span> </div> <div class="ecb-langPopup"> <div class="ecb-closeBtn"></div> <div class="ecb-langHead">Select your language</div> <div class="otherlang"><a lang="de" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_letter_on_Contingency_preparedness_in_the_context_of_COVID-19.de.pdf"> <span class="ecb-full">Deutsch</span><span class="ecb-short">DE</span></a><a lang="es" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_letter_on_Contingency_preparedness_in_the_context_of_COVID-19.es.pdf"> <span class="ecb-full">Español</span><span class="ecb-short">ES</span></a><a lang="fi" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_letter_on_Contingency_preparedness_in_the_context_of_COVID-19.fi.pdf"> <span class="ecb-full">Suomi</span><span class="ecb-short">FI</span></a><a lang="fr" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_letter_on_Contingency_preparedness_in_the_context_of_COVID-19.fr.pdf"> <span class="ecb-full">Français</span><span class="ecb-short">FR</span></a><a lang="it" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_letter_on_Contingency_preparedness_in_the_context_of_COVID-19.it.pdf"> <span class="ecb-full">Italiano</span><span class="ecb-short">IT</span></a><a lang="sl" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_letter_on_Contingency_preparedness_in_the_context_of_COVID-19.sl.pdf"> <span class="ecb-full">Slovenščina</span><span class="ecb-short">SL</span></a></div></div></div></dd><dt isoDate="2020-01-21"><div class="date">21 January 2020</div></dt><dd><div class="title"><a href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_recommendation_on_dividend_distribution_policies.en.pdf" >Recommendation ECB/2020/1 on dividend distribution policies</a></div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='pdf' lang="en" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_recommendation_on_dividend_distribution_policies.en.pdf"> <span class="ecb-full">English</span></a></span><div class="moreLanguages"> <span class="lnglabel">OTHER LANGUAGES</span> <span class="lang-counter">(15)</span> <span class="ecb-plus">+</span> </div> <div class="ecb-langPopup"> <div class="ecb-closeBtn"></div> <div class="ecb-langHead">Select your language</div> <div class="otherlang"><a lang="de" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_recommendation_on_dividend_distribution_policies.de.pdf"> <span class="ecb-full">Deutsch</span><span class="ecb-short">DE</span></a><a lang="el" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_recommendation_on_dividend_distribution_policies.el.pdf"> <span class="ecb-full">Eλληνικά</span><span class="ecb-short">EL</span></a><a lang="es" 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href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_recommendation_on_dividend_distribution_policies.it.pdf"> <span class="ecb-full">Italiano</span><span class="ecb-short">IT</span></a><a lang="lt" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_recommendation_on_dividend_distribution_policies.lt.pdf"> <span class="ecb-full">Lietuvių</span><span class="ecb-short">LT</span></a><a lang="lv" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_recommendation_on_dividend_distribution_policies.lv.pdf"> <span class="ecb-full">Latviešu</span><span class="ecb-short">LV</span></a><a lang="mt" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_recommendation_on_dividend_distribution_policies.mt.pdf"> <span class="ecb-full">Malti</span><span class="ecb-short">MT</span></a><a lang="nl" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_recommendation_on_dividend_distribution_policies.nl.pdf"> <span class="ecb-full">Nederlands</span><span class="ecb-short">NL</span></a><a lang="pt" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_recommendation_on_dividend_distribution_policies.pt.pdf"> <span class="ecb-full">Português</span><span class="ecb-short">PT</span></a><a lang="sk" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_recommendation_on_dividend_distribution_policies.sk.pdf"> <span class="ecb-full">Slovenčina</span><span class="ecb-short">SK</span></a><a lang="sl" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_recommendation_on_dividend_distribution_policies.sl.pdf"> <span class="ecb-full">Slovenščina</span><span class="ecb-short">SL</span></a><a lang="sv" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_recommendation_on_dividend_distribution_policies.sv.pdf"> <span class="ecb-full">Svenska</span><span class="ecb-short">SV</span></a></div></div></div></dd><dt isoDate="2020-01-21"><div class="date">21 January 2020</div></dt><dd><div class="title"><a href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_letter_remuneration.en.pdf" >Letter on variable remuneration policy</a></div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='pdf' lang="en" href="/press/other-publications/publications/letterstobanks/shared/pdf/2020/ssm.2020_letter_remuneration.en.pdf"> <span class="ecb-full">English</span></a></span><div class="moreLanguages"> <span class="lnglabel">OTHER LANGUAGES</span> <span class="lang-counter">(15)</span> <span class="ecb-plus">+</span> </div> <div class="ecb-langPopup"> <div class="ecb-closeBtn"></div> <div class="ecb-langHead">Select your 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the process regarding recognition of contractual netting agreements as risk-reducing</a></div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='pdf' lang="en" href="/press/other-publications/publications/letterstobanks/shared/pdf/2019/ssm.recognition_of_netting_agreements_201910.en.pdf"> <span class="ecb-full">English</span></a></span><div class="moreLanguages"> <span class="lnglabel">OTHER LANGUAGES</span> <span class="lang-counter">(14)</span> <span class="ecb-plus">+</span> </div> <div class="ecb-langPopup"> <div class="ecb-closeBtn"></div> <div class="ecb-langHead">Select your language</div> <div class="otherlang"><a lang="de" href="/press/other-publications/publications/letterstobanks/shared/pdf/2019/ssm.recognition_of_netting_agreements_201910.de.pdf"> <span class="ecb-full">Deutsch</span><span class="ecb-short">DE</span></a><a lang="el" 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href="/press/other-publications/publications/letterstobanks/shared/pdf/2019/ssm.recognition_of_netting_agreements_201910.pt.pdf"> <span class="ecb-full">Português</span><span class="ecb-short">PT</span></a><a lang="sk" href="/press/other-publications/publications/letterstobanks/shared/pdf/2019/ssm.recognition_of_netting_agreements_201910.sk.pdf"> <span class="ecb-full">Slovenčina</span><span class="ecb-short">SK</span></a><a lang="sl" href="/press/other-publications/publications/letterstobanks/shared/pdf/2019/ssm.recognition_of_netting_agreements_201910.sl.pdf"> <span class="ecb-full">Slovenščina</span><span class="ecb-short">SL</span></a><a lang="sv" href="/press/other-publications/publications/letterstobanks/shared/pdf/2019/ssm.recognition_of_netting_agreements_201910.sv.pdf"> <span class="ecb-full">Svenska</span><span class="ecb-short">SV</span></a></div></div></div><div class='accordion'><div class="header"><div class="title">Annexes</div></div><div class="content-box"><div class="definition-list "><dl><dt isoDate="2019-10-10"><div class="date">10 October 2019</div></dt><dd><div class="title"><a href="/press/other-publications/publications/letterstobanks/html/netting_agreement_FAQs.en.html" >Frequently asked questions on the notification process for the recognition of netting agreements</a></div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='arrow' lang="en" href="/press/other-publications/publications/letterstobanks/html/netting_agreement_FAQs.en.html"> <span class="ecb-full">English</span></a></span><div class="moreLanguages"> <span class="lnglabel">OTHER LANGUAGES</span> <span class="lang-counter">(14)</span> <span class="ecb-plus">+</span> </div> <div class="ecb-langPopup"> <div class="ecb-closeBtn"></div> <div class="ecb-langHead">Select your language</div> <div class="otherlang"><a lang="de" href="/press/other-publications/publications/letterstobanks/html/netting_agreement_FAQs.de.html"> <span 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href="/press/other-publications/publications/letterstobanks/html/netting_agreement_FAQs.sk.html"> <span class="ecb-full">Slovenčina</span><span class="ecb-short">SK</span></a><a lang="sl" href="/press/other-publications/publications/letterstobanks/html/netting_agreement_FAQs.sl.html"> <span class="ecb-full">Slovenščina</span><span class="ecb-short">SL</span></a><a lang="sv" href="/press/other-publications/publications/letterstobanks/html/netting_agreement_FAQs.sv.html"> <span class="ecb-full">Svenska</span><span class="ecb-short">SV</span></a></div></div></div></dd></dl></div></div></div></dd><dt isoDate="2019-08-22"><div class="date">22 August 2019</div></dt><dd><div class="title"><a href="/press/other-publications/publications/letterstobanks/shared/pdf/2019/ssm.supervisory_coverage_expectations_for_NPEs_201908.en.pdf" >Communication on supervisory coverage expectations for NPEs</a></div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='pdf' lang="en" href="/press/other-publications/publications/letterstobanks/shared/pdf/2019/ssm.supervisory_coverage_expectations_for_NPEs_201908.en.pdf"> <span class="ecb-full">English</span></a></span><div class="moreLanguages"> <span class="lnglabel">OTHER LANGUAGES</span> <span class="lang-counter">(14)</span> <span class="ecb-plus">+</span> </div> <div class="ecb-langPopup"> <div class="ecb-closeBtn"></div> <div class="ecb-langHead">Select your language</div> <div class="otherlang"><a lang="de" href="/press/other-publications/publications/letterstobanks/shared/pdf/2019/ssm.supervisory_coverage_expectations_for_NPEs_201908.de.pdf"> <span class="ecb-full">Deutsch</span><span class="ecb-short">DE</span></a><a lang="el" href="/press/other-publications/publications/letterstobanks/shared/pdf/2019/ssm.supervisory_coverage_expectations_for_NPEs_201908.el.pdf"> <span class="ecb-full">Eλληνικά</span><span class="ecb-short">EL</span></a><a lang="es" 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href="/press/other-publications/publications/letterstobanks/shared/pdf/2019/ssm.supervisory_coverage_expectations_for_NPEs_201908.pt.pdf"> <span class="ecb-full">Português</span><span class="ecb-short">PT</span></a><a lang="sk" href="/press/other-publications/publications/letterstobanks/shared/pdf/2019/ssm.supervisory_coverage_expectations_for_NPEs_201908.sk.pdf"> <span class="ecb-full">Slovenčina</span><span class="ecb-short">SK</span></a><a lang="sl" href="/press/other-publications/publications/letterstobanks/shared/pdf/2019/ssm.supervisory_coverage_expectations_for_NPEs_201908.sl.pdf"> <span class="ecb-full">Slovenščina</span><span class="ecb-short">SL</span></a><a lang="sv" href="/press/other-publications/publications/letterstobanks/shared/pdf/2019/ssm.supervisory_coverage_expectations_for_NPEs_201908.sv.pdf"> <span class="ecb-full">Svenska</span><span class="ecb-short">SV</span></a></div></div></div></dd><dt isoDate="2019-07-04"><div class="date">4 July 2019</div></dt><dd><div class="title"><a href="/press/other-publications/publications/letterstobanks/shared/pdf/2019/ssm.benchmark_rate_reforms_201907~854c75b34d.en.pdf" >Banks’ preparation with regard to interest rate benchmark reforms and the use of risk-free rates</a></div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='pdf' lang="en" href="/press/other-publications/publications/letterstobanks/shared/pdf/2019/ssm.benchmark_rate_reforms_201907~854c75b34d.en.pdf"> <span class="ecb-full">English</span></a></span></div></dd><dt isoDate="2019-06-14"><div class="date">14 June 2019</div></dt><dd><div class="title"><a href="/press/other-publications/publications/letterstobanks/shared/pdf/2019/ssm.supervisory_expectations_on_risk_data_aggregation_capabilities_and_risk_reporting_practices_201906.en.pdf" >Supervisory expectations on risk data aggregation capabilities and risk reporting practices</a></div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='pdf' lang="en" href="/press/other-publications/publications/letterstobanks/shared/pdf/2019/ssm.supervisory_expectations_on_risk_data_aggregation_capabilities_and_risk_reporting_practices_201906.en.pdf"> <span class="ecb-full">English</span></a></span><div class="moreLanguages"> <span class="lnglabel">OTHER LANGUAGES</span> <span class="lang-counter">(6)</span> <span class="ecb-plus">+</span> </div> <div class="ecb-langPopup"> <div class="ecb-closeBtn"></div> <div class="ecb-langHead">Select your language</div> <div class="otherlang"><a lang="de" href="/press/other-publications/publications/letterstobanks/shared/pdf/2019/ssm.supervisory_expectations_on_risk_data_aggregation_capabilities_and_risk_reporting_practices_201906.de.pdf"> <span class="ecb-full">Deutsch</span><span class="ecb-short">DE</span></a><a lang="es" href="/press/other-publications/publications/letterstobanks/shared/pdf/2019/ssm.supervisory_expectations_on_risk_data_aggregation_capabilities_and_risk_reporting_practices_201906.es.pdf"> 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href="/press/other-publications/publications/letterstobanks/shared/pdf/2019/ssm.letter_validation_reporting_credit_risk.en.pdf" >Announcement letter to institutions on the launch of the validation reporting on internal models for credit risk</a></div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='pdf' lang="en" href="/press/other-publications/publications/letterstobanks/shared/pdf/2019/ssm.letter_validation_reporting_credit_risk.en.pdf"> <span class="ecb-full">English</span></a></span></div></dd><dt isoDate="2019-01-10"><div class="date">10 January 2019</div></dt><dd><div class="title"><a href="/press/other-publications/publications/letterstobanks/shared/pdf/2019/ssm.recommendation_ECB20191_on_dividend_distribution_policies.en.pdf" >Recommendation ECB/2019/1 on dividend distribution policies</a></div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='pdf' lang="en" 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href="/press/other-publications/publications/letterstobanks/shared/pdf/2019/ssm.recommendation_ECB20191_on_dividend_distribution_policies.nl.pdf"> <span class="ecb-full">Nederlands</span><span class="ecb-short">NL</span></a><a lang="pt" href="/press/other-publications/publications/letterstobanks/shared/pdf/2019/ssm.recommendation_ECB20191_on_dividend_distribution_policies.pt.pdf"> <span class="ecb-full">Português</span><span class="ecb-short">PT</span></a><a lang="sk" href="/press/other-publications/publications/letterstobanks/shared/pdf/2019/ssm.recommendation_ECB20191_on_dividend_distribution_policies.sk.pdf"> <span class="ecb-full">Slovenčina</span><span class="ecb-short">SK</span></a><a lang="sl" href="/press/other-publications/publications/letterstobanks/shared/pdf/2019/ssm.recommendation_ECB20191_on_dividend_distribution_policies.sl.pdf"> <span class="ecb-full">Slovenščina</span><span class="ecb-short">SL</span></a><a lang="sv" 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2018</div></dt><dd><div class="title"><a href="/press/other-publications/publications/letterstobanks/shared/pdf/2018/ssm.information_letter_on_preapplication_to_institutions.en.pdf" >Information to significant institutions on submitting requests relating to internal models to the European Central Bank</a></div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='pdf' lang="en" href="/press/other-publications/publications/letterstobanks/shared/pdf/2018/ssm.information_letter_on_preapplication_to_institutions.en.pdf"> <span class="ecb-full">English</span></a></span><div class="moreLanguages"> <span class="lnglabel">OTHER LANGUAGES</span> <span class="lang-counter">(2)</span> <span class="ecb-plus">+</span> </div> <div class="ecb-langPopup"> <div class="ecb-closeBtn"></div> <div class="ecb-langHead">Select your language</div> <div class="otherlang"><a lang="de" href="/press/other-publications/publications/letterstobanks/shared/pdf/2018/ssm.information_letter_on_preapplication_to_institutions.de.pdf"> <span class="ecb-full">Deutsch</span><span class="ecb-short">DE</span></a><a lang="fr" href="/press/other-publications/publications/letterstobanks/shared/pdf/2018/ssm.information_letter_on_preapplication_to_institutions.fr.pdf"> <span class="ecb-full">Français</span><span class="ecb-short">FR</span></a></div></div></div></dd><dt isoDate="2018-01-04"><div class="date">4 January 2018</div></dt><dd><div class="title"><a href="/press/other-publications/publications/letterstobanks/shared/pdf/2018/ssm.Recommendation_ECB201744_on_dividend_distribution_policies.en.pdf" >Recommendation ECB/2017/44 on dividend distribution policies</a></div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='pdf' lang="en" 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href="/press/other-publications/publications/letterstobanks/shared/pdf/2018/ssm.Recommendation_ECB201744_on_dividend_distribution_policies.nl.pdf"> <span class="ecb-full">Nederlands</span><span class="ecb-short">NL</span></a><a lang="pt" href="/press/other-publications/publications/letterstobanks/shared/pdf/2018/ssm.Recommendation_ECB201744_on_dividend_distribution_policies.pt.pdf"> <span class="ecb-full">Português</span><span class="ecb-short">PT</span></a><a lang="sk" href="/press/other-publications/publications/letterstobanks/shared/pdf/2018/ssm.Recommendation_ECB201744_on_dividend_distribution_policies.sk.pdf"> <span class="ecb-full">Slovenčina</span><span class="ecb-short">SK</span></a><a lang="sl" href="/press/other-publications/publications/letterstobanks/shared/pdf/2018/ssm.Recommendation_ECB201744_on_dividend_distribution_policies.sl.pdf"> <span class="ecb-full">Slovenščina</span><span class="ecb-short">SL</span></a><a lang="sv" 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href="/press/other-publications/publications/letterstobanks/shared/pdf/2018/ssm.180104_letter_renumeration.mt.pdf"> <span class="ecb-full">Malti</span><span class="ecb-short">MT</span></a><a lang="nl" href="/press/other-publications/publications/letterstobanks/shared/pdf/2018/ssm.180104_letter_renumeration.nl.pdf"> <span class="ecb-full">Nederlands</span><span class="ecb-short">NL</span></a><a lang="pt" href="/press/other-publications/publications/letterstobanks/shared/pdf/2018/ssm.180104_letter_renumeration.pt.pdf"> <span class="ecb-full">Português</span><span class="ecb-short">PT</span></a><a lang="sk" href="/press/other-publications/publications/letterstobanks/shared/pdf/2018/ssm.180104_letter_renumeration.sk.pdf"> <span class="ecb-full">Slovenčina</span><span class="ecb-short">SK</span></a><a lang="sl" href="/press/other-publications/publications/letterstobanks/shared/pdf/2018/ssm.180104_letter_renumeration.sl.pdf"> <span class="ecb-full">Slovenščina</span><span 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class="definition-list "><dl><dt isoDate="2017-12-15"><div class="date">15 December 2017</div></dt><dd><div class="title"><a href="/press/other-publications/publications/letterstobanks/shared/pdf/2017/ssm.egam_qa.en.pdf" >Frequently asked questions</a></div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='pdf' lang="en" href="/press/other-publications/publications/letterstobanks/shared/pdf/2017/ssm.egam_qa.en.pdf"> <span class="ecb-full">English</span></a></span></div></dd><dt isoDate="2017-12-15"><div class="date">15 December 2017</div></dt><dd><div class="title"><a href="/press/publications/letterstobanks/shared/pdf/2017/ssm.egam_feedback_template.en.xlsx" >Feedback template</a></div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='xls' lang="en" href="/press/publications/letterstobanks/shared/pdf/2017/ssm.egam_feedback_template.en.xlsx"> <span class="ecb-full">English</span></a></span></div></dd></dl></div></div><div class="header"><div class="title">Related</div></div><div class="content-box"><div class="definition-list "><dl><dt isoDate="2017-12-15"><div class="date">15 December 2017</div></dt><dd><div class="title"><a href="/press/pr/date/2017/html/ssm.pr171215.en.html" >ECB seeks industry feedback on assessment of internal models used for calculating counterparty credit risk</a></div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='arrow' lang="en" href="/press/pr/date/2017/html/ssm.pr171215.en.html"> <span class="ecb-full">English</span></a></span></div></dd></dl></div></div></div></dd><dt isoDate="2017-11-27"><div class="date">27 November 2017</div></dt><dd><div class="title"><a href="/press/other-publications/publications/letterstobanks/shared/pdf/2017/Decision_Dexia_Credit_Local_S_A_Dexia_S_A.en.pdf" >Decision permitting Dexia Crédit Local S.A. on the basis of the consolidated situation of Dexia S.A. to include in Common Equity Tier 1 the instruments issued as a result of the conversion of the preferred shares into ordinary shares</a></div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='pdf' lang="en" href="/press/other-publications/publications/letterstobanks/shared/pdf/2017/Decision_Dexia_Credit_Local_S_A_Dexia_S_A.en.pdf"> <span class="ecb-full">English</span></a></span></div></dd><dt isoDate="2017-07-28"><div class="date">28 July 2017</div></dt><dd><div class="title"><a href="/press/other-publications/publications/letterstobanks/shared/pdf/2017/ssm.2017_guidance_on_implicit_support.en.pdf" >Public guidance on information on transactions which go beyond the contractual obligations of a sponsor institution or an originator institution under Article 248(1) of Regulation (EU) No 575/2013</a></div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='pdf' lang="en" href="/press/other-publications/publications/letterstobanks/shared/pdf/2017/ssm.2017_guidance_on_implicit_support.en.pdf"> <span 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href="/press/other-publications/publications/letterstobanks/shared/pdf/2016/160105letter_nouy_National_Bank_of_Greece_Capital_instruments_20151123.en.pdf" >Decision of 23 November 2015 on permission to include in CET 1 capital instruments to be issued by National Bank of Greece S.A.</a></div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='pdf' lang="en" href="/press/other-publications/publications/letterstobanks/shared/pdf/2016/160105letter_nouy_National_Bank_of_Greece_Capital_instruments_20151123.en.pdf"> <span class="ecb-full">English</span></a></span></div></dd><dt isoDate="2015-12-28"><div class="date">28 December 2015</div></dt><dd><div class="title"><a href="/press/other-publications/publications/letterstobanks/shared/pdf/2015/ssm.ecb_2015_49_f_sign.en.pdf" >Recommendation ECB/2015/49 on dividend distribution policies</a></div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='pdf' lang="en" 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href="/press/other-publications/publications/letterstobanks/shared/pdf/2015/ssm.ecb_2015_2_f_sign.nl.pdf"> <span class="ecb-full">Nederlands</span><span class="ecb-short">NL</span></a><a lang="pt" href="/press/other-publications/publications/letterstobanks/shared/pdf/2015/ssm.ecb_2015_2_f_sign.pt.pdf"> <span class="ecb-full">Português</span><span class="ecb-short">PT</span></a><a lang="sk" href="/press/other-publications/publications/letterstobanks/shared/pdf/2015/ssm.ecb_2015_2_f_sign.sk.pdf"> <span class="ecb-full">Slovenčina</span><span class="ecb-short">SK</span></a><a lang="sl" href="/press/other-publications/publications/letterstobanks/shared/pdf/2015/ssm.ecb_2015_2_f_sign.sl.pdf"> <span class="ecb-full">Slovenščina</span><span class="ecb-short">SL</span></a><a lang="sv" href="/press/other-publications/publications/letterstobanks/shared/pdf/2015/ssm.ecb_2015_2_f_sign.sv.pdf"> <span class="ecb-full">Svenska</span><span class="ecb-short">SV</span></a></div></div></div></dd><dt 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