ECB to give banks ample time to resume pre-crisis capital rules: press
Tweet
Share
E-mail
FILE PHOTO: Andrea Enria, chairperson of the European Banking Authority, speaks at Reuters Summit interview in London, Britain, September 25, 2017. REUTERS/Afolabi Sotunde/File Photo
FRANKFURT (Reuters) - The European Central Bank will give banks ample time to return to normal capital and liquidity levels after the coronavirus crisis passes, the ECB's chief supervisor told Spanish newspaper El Confidencial.
"We will have to decide on the path to return to the normal capital and liquidity levels on a bank-by-bank basis," Andrea Enria was quoted as saying on Monday.
Although the ECB has asked banks not to pay dividend during the current crisis, Enria said it was not planning to put any constraints on payments of additional Tier 1 and Tier 2 coupons.
(Reporting by Balazs Koranyi; Editing by Edmund Blair)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- South Korea's expanded espionage law takes effect amid push to protect chip technology
- BRICS adopts joint declaration, urges 'maximum restraint' in Mideast
- Swedes vote in election that could usher far right into government
Create E-mail Alert Related Categories
ReutersRelated Entities
European Central Bank, DividendSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
