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By Hans Bentzien
FRANKFURT (Dow Jones) The head of ECB banking supervision, Andrea Enria, has again called for a common European approach to dealing with the expected increase in non-performing loans on bank balance sheets and has also suggested a “coordinated reorganization” of the banking sector. “I am convinced that such an initiative must be coordinated at European level in order to be effective, otherwise there is a risk that banks in one country will have better conditions than banks in another, and that would be in line with the principles of the banking union go against “, Enria told the Greek TV channel ERT.
He added: “In my opinion, we need a European initiative in this area, also to promote a coordinated reorganization of the banking sector should problems arise in the future.”
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DJG / hab / apo
END) Dow Jones Newswires
November 30, 2020 03:00 AND ( 08:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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