Constâncio insists private sector will play ‘major’ role in filling capital shortfalls
Vítor Constâncio, the European Central Bank (ECB) vice-president, believes the private sector is now "in a position to play a major part" in filling any capital shortfalls in Europe's banks that are unearthed in the central bank's comprehensive assessment.
Speaking at the Santander International Banking Conference in Madrid, Constâncio said the recent improvement in market conditions makes it "more feasible" that banks will be able to resolve any capital issues without resorting to public
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