EBA chairman says supervisors should break up unresolvable banks
Enria participates in debate on financial stability at World Economic Forum
Supervisors should be prepared to break up banks that cannot be managed through resolution, Andrea Enria, chairman of the European Banking Authority (EBA), said today.
"If you are convinced, as a supervisor, that in a crisis you can resolve a bank, I do not think there is a strong argument for a break-up", Enria noted during a debate about financial stability at the World Economic Forum event in Davos, Switzerland.
"If you have doubts about that, and it is a tough call, if you are not convinced
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