We have analysed the 2022 interim reports of 26 banks in 11 European countries to better understand the impact of macroeconomic uncertainties on Expected Credit Losses (ECL). This study is the fifth in its series and follows on our fourth edition of the report released in June 2022.
The Irish banks decreased their ECL allowance and coverage ratios in H1 2022, although they still take a more prudent approach when compared to their European peers. We are seeing relatively low weighting of economic uncertainty overlays, which although are justified, should still be closely monitored in subsequent quarters where macroeconomic situations may change rapidly.
Michael Tuohy Partner, Audit & Assurance
The study mainly focuses on the ECL-related impacts and covers:
Welcome to the second edition of our newsletter, where we cover some of the major developments across the financial services sector throughout the last quarter.
For several years, the Central Bank of Ireland has identified the Payments Institutions (PI) and Electronic Money Institutions (EMI) sector as higher risk. Earlier this year, we shared an opinion on the CBI’s stance. Today, we focus on one key area in this sector: Safeguarding.
This article focuses on the final set of RTS and ITS, which detail the information required for authorisation applications to offer ARTs to the public and for seeking admission to trade ARTs. It also covers the ITS on standard forms, templates, and procedures for application submissions.
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