Single Supervisory Mechanism
No change to deferred tax assets by ECB
By Yiannis Papadoyiannis
The European Central Bank?s Single Supervisory Mechanism (SSM) are not about to make changes to the status of the deferred tax assets of Greek banks, sources from which said SSM officials had informed the lenders? managements that no change is being planned.
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Banks wary of another watchdog
By Yiannis Papadoyiannis
Banks are concerned about the government?s insistence on strengthening the state?s presence in the local credit system.
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EU banks watchdog calls for fast solution on Greece
The head of Europe?s banking supervisory authority, Daniele Nouy, on Tuesday called for a rapid solution to Greece?s debt problems in order to reduce the uncertainty for the banking sector.
Nouy, who heads the Single Supervisory Mechanism (SSM), told a hearing before the European Parliament that the Greek banks have ?a much better solvency situation than in previous years.?
Sallas to chair local lender association
By Yiannis Papadoyiannis
Piraeus Group head Michalis Sallas is poised to become the new president of the Hellenic Bank Association as soon as the administrative changes at the National Bank of Greece are completed.
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Bank officials fear a 'liquidity accident'
By Yiannis Papadoyiannis
Greek bankers on Thursday stressed the need for an agreement to be reached between the government and Greece?s eurozone peers that will confirm the country?s European prospects, as the outpour of deposits continued unabated.
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ECB can veto bank appointments
By Yiannis Papadoyiannis
The European Central Bank (ECB) has issued a terse warning to Greek banks, and particularly to the government in Athens, via its Single Supervisory Mechanism (SSM), over plans to overhaul lenders? management. In a letter to Greek banks, the SSM stressed that any changes to their management can be implemented only after receiving the SSM?s approval.
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EU Bank Watchdog Head Says Bulgaria Has Not Yet Applied to Join
The Single Supervisory Mechanism (SSM) has not received a notice from Bulgaria saying it would like to be part of it, its head Danièle Nouy told MEPs on Tuesday.
Nouy however stressed the newly-established body was ready to cooperate if asked.
Clean bill of health for Greek banks from stress tests
Greek banks received what amounts to a virtually clean bill of health from the European Central Bank, as the results of the stress tests Frankfurt performed on the four systemic lenders of this country showed on Sunday that Alpha and Piraeus have completed the exercise successfully through their dynamic picture, and only Eurobank and National need to cover the negligible amount of 291 million e