Andrea EnriaChairman of the Supervisory Board of the European Central Bank (ECB), speaks at an event on “A new stage for European banking supervision”.
Featured Statements
Current events confirm that strong and demanding supervision is needed more than ever.
The exception still exists in the form of banks with adequate risk data collection and reporting capabilities.
We are placing increasing emphasis on a structured stepping up of our supervisory interventions where banks are falling behind.
I want the supervision of banks to be more effective.
Regarding the fall in Deutsche Bank shares, the concern among investors is worrisome.
Centralized clearing of CDS would be a great advance.
Direct exposure to Credit Suisse is relevant but manageable.
Business concepts similar to Credit Suisse’s were misidentified by investors.
In some cases there have been rapid outflows of deposits.
market reaction
EUR/USD has not been affected by the above comments and has held its range around 1.0815, up 0.17% on the day.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
