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

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

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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

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

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