FRANKFURT (Finance) – The top supervisor of the European Central Bank urged bank to eat into their capital buffers for continue lending through the coronavirus crisis.
Andrea Enria addressed a virtual bankers’ meet and insisted that the ECB would be slow in raising requirements again.
“I hear sometimes that banks might not be willing to use the buffers because of concerns that the ECB would… ask for a fast replenishment of the buffers. I want to reassure all parties that we will strive to put in place a well-designed and credible path to normality.”
– Andrea Enria, ECB supervisor
(Photo syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field.