Soured bank debt to remain ECB top priority - proposed supervision chief

FILE PHOTO: Chairperson of European Banking Authority (EBA) Andrea Enria attends a debate with the European Parliament's Economic and Monetary Affairs Committee in Brussels, Belgium September 26, 2016. REUTERS/Yves Herman/File Photo - Copyright Yves Herman(Reuters)

By Reuters

Published on 20/11/2018 - 17:04•Updated 25/04/2024 - 17:40

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FRANKFURT (Reuters) - Dealing with soured bank debt will remain the European Central Bank's top priority in the coming years, the proposed new chief of its supervision arm told a confirmation hearing on Tuesday.

"The first (priority) is completing the cleaning of bank balance sheets," Andrea Enria told the European Parliament's committee on economic affairs in Brussels. "The second priority is promoting banking integration and private risk sharing."