MIL OSI Translation. Region: Germany / Deutschland –
Source: Federal Financial Supervisory Authority A few days after the European Central Bank and BaFin, the European Council for Systemic Risks is now recommending to continue to deal restrictively with distributions in view of the corona pandemic. According to the ESRB, banks, investment firms, insurers and reinsurers should not make any distributions until the end of September 2021, unless they are extremely careful and observe the requirements of the responsible supervisory authorities. The ESRB advises them to set conservative thresholds and take into account the specifics of the individual financial sectors.
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.