1 ECB Annual Report 2020. 2 Feedback on the input provided by the European Parliament as part of its resolution on the ECB Annual Report  2019.
3 Specifically, ECB Banking Supervision allowed banks to temporarily operate below the level of capital defined by  Pillar 2 guidance and the combined buffer requirement and recommended that banks refrain from making dividend payments and share buy-backs. On the macroprudential side, several national authorities either announced a full release of countercyclical capital buffers or revoked previously announced increases to these and other buffers.