ECB’s Nouy expects Spanish banks to meet capital demands -paper

FRANKFURT (Reuters) – The European Central Bank’s chief supervisor expects Spanish banks to meet their capital requirements and the remaining demands set by the ECB under so-called Pillar II rules, she said in an interview published on Monday.

“I do expect Spanish banks to be able to meet Pillar II requirements, and at the same time comply with the Pillar II guidance, whether they are qualitative or quantitative,” Danièle Nouy, chair of the ECB’s supervisory board, told Spanish paper Expansión.

She added Spanish banks “have been more successful than others in reducing operating costs and achieving a good balance between costs and revenue, setting them up for improved profitability in coming years.”

The interview was carried out on 27 September, the ECB said on its website.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.