Latest News

ECB wants banks to review capital plans given downturn, Enria says


ECB wants banks to review capital plans given downturn, Enria says By Reuters

Breaking News


Economy 12 minutes ago (Sep 19, 2022 11:05)

© Reuters. FILE PHOTO: Andrea Enria, chairperson of the European Banking Authority, speaks at Reuters Summit interview in London, Britain, September 25, 2017. REUTERS/Afolabi Sotunde

FRANKFURT (Reuters) – Euro zone banks are well placed to weather a potential recession but the European Central Bank is still asking them to review capital projections given what is likely to be a difficult winter, European Central Bank supervisor Andrea Enria said on Monday.

“We are pushing banks to focus very much on their concentration of exposures towards sectors which are particularly dependent on energy and fragile to energy shocks,” Enria told a conference said.

“So, we are asking banks to review their capital projections under severe, adverse scenarios.”

ECB wants banks to review capital plans given downturn, Enria says

Hungarian government says it will submit first anti-corruption bill on Monday to avoid losing EU fundsBy Reuters – Sep 19, 2022

By Krisztina Than BUDAPEST (Reuters) – The Hungarian government will submit the first of several anti-corruption bills to parliament on Monday, its spokesman said, as Budapest…

German economy to shrink all winter as gas taps are turned off, Bundesbank saysBy Reuters – Sep 19, 2022

FRANKFURT (Reuters) – The German economy is contracting already and will likely get worse over the winter months as gas consumption is cut or rationed, the country’s central bank…

Exact number of interest rate hikes will be data-dependent, ECB’s De Guindos saysBy Reuters – Sep 19, 2022

MADRID (Reuters) – The exact of further interest rates by the European Central Bank will depend on upcoming macroeconomic data, ECB Vice-president Luis de Guindos said on Monday….

Our Apps

Terms And Conditions
Privacy Policy
Risk Warning

© 2007-2022 Fusion Media Limited. All Rights Reserved.

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

German economy to shrink all winter as gas taps are turned off, Bundesbank says

Previous article

Goldman Lowers U.S. GDP Forecast and Raises Unemployment Rate Estimate to Reflect Lower Growth Path

Next article

You may also like


Leave a reply

Your email address will not be published.

More in Latest News