Volkswagen Bank arrives late to the ECB's Pillar 2 party

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By Tyler Davies
31 Jan 2020

Volkswagen Bank has belatedly joined the list of banks whose Pillar 2 requirements were posted on the European Central Bank's website this week. It had initially not consented to its targets being published.

The ECB released a bank-by-bank breakdown of Pillar 2 capital requirements (P2R) for the first time on Tuesday.

Eight financial institutions had been excluded from the list because they had not taken part in the ECB's latest supervisory review and evaluation process (SREP). But one firm had ...

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