Eurozone banks must not delay action on credit risk – Enria
Supervisor calls on banks to use capital buffers in order to maintain adequate credit levels
Large eurozone banks must not delay taking action on credit risks exacerbated by the Covid-19 pandemic, the European Central Bank’s chief supervisor Andrea Enria has warned.
Enria, chair of the ECB’s Single Supervisory Mechanism, encouraged banks to use capital buffers in order to maintain adequate credit provision in the year ahead. Speaking at the publication of the ECB’s Supervisory Review and Evaluation Process, or Srep, Enria insisted on the “importance of identifying borrowers’ financial
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