ECB’s Enria calls for measures to favor banking mergers in Europe
Written by MagaFirstNews on May 3, 2019
Andrea Enria, chairperson of the European Banking Authority, speaks at Reuters Summit interview in London, Britain, September 25, 2017. Picture taken September 25, 2017. REUTERS/Afolabi Sotunde
May 3, 2019
FLORENCE (Reuters) – The European Central Bank’s top watchdog said on Friday the euro zone needed to favor mergers of banking groups in the bloc.
“We need to deploy policies to restore and improve the integration of our banking markets to favor consolidation and also cross-border consolidation, possibly of banks,” Andrea Enria told a conference in Florence.
(Reporting by Crispian Balmer; writing by Francesco Guarascio; Editing by Gareth Jones)