Nouy says increase in European banking spreads not ‘justified’
Widening credit spreads do not appear justified by capital levels, ECB supervisor says
Recent rises in credit spreads for eurozone banks do not seem "justified" given their high capital levels, Danièle Nouy, the European Central Bank (ECB) supervisory board chair said today (February 16). The European banking sector is "much more able to absorb unexpected financial or economic headwinds than a few years ago", she said.
Nouy also stressed European regulators were unlikely to further increase banks' capital requirements, a point made on February 15 by ECB president Mario Draghi.
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