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Wednesday, December 1, 2021

ECB to only ask banks for extra capital for bad loans if talks fail

ECB to only ask banks for extra capital for bad loans if talks fail© Reuters. FILE PHOTO: ECB headquarters in Frankfurt

FRANKFURT (Reuters) – The European Central Bank will only ask banks to set aside extra capital for their bad loans via Pillar 2 demands if talks with the lenders on the matter fail, a senior ECB supervisor said on Tuesday.

“Only if the results of this structured dialogue do not convince us will we consider Pillar 2 measures,” Sabine Lautenschlaeger, who represents the ECB’s supervisory arm on the central bank’s board, said.

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Source: Investing.com

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