Recommendations on dividend distributions and variable remuneration

ECB press release: ECB extends recommendation not to pay dividends until January 2021 and clarifies timeline to restore buffers  File PDF: Opens in new window (232 KB)

Recommendation ECB/2020/35Opens in new window

Banco de España press release: The Banco de España conveys to less significant institutions under its direct supervision the ECB recommendation on dividend distributions and variable remuneration File PDF: Opens in new window (142 KB)

Banco de España recommendation on dividend distributions File PDF: Opens in new window (79 KB)