The emergence of problems with four regional banks in Italy reflects positively on the supervisory set-up in Europe, Danièle Nouy said today (February 5). The identification and subsequent removal of distressed assets in shows European supervisors are effective in scrutinising of banks, she said.

Stress testing and transparency measures have achieved "important" results, Nouy, the European Central Bank supervisory board chair, argued. She was speaking at a conference in London marking the fifth