ECB plans new bank inspections focussing on profits and tech

Economy2 hours ago (Sep 22, 2021 06:55AM ET)

(C) Reuters. FILE PHOTO: The European Central Bank (ECB) logo in Frankfurt, Germany, January 23, 2020. REUTERS/Ralph Orlowski//File Photo

FRANKFURT (Reuters) – The European Central Bank is planning new inspections at the banks it supervises to check their technology and their ability to generate profits, the ECB’s top supervisor Andrea Enria said on Wednesday.

“The sustainability of banks’ business models continues to be one of our supervisory priorities,” Enria said. “Further engagement with banks and supervisory activities are also expected in the area of digitalisation, including the launch of pilot inspections.”

ECB plans new bank inspections focussing on profits and tech

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.

Related Articles

More than 1,400 firms went bust last month in England and Wales

The number of businesses going bust in England and Wales jumped last month to its highest level since the start of the pandemic, as...

China launches second crewed mission to build space station

World59 minutes ago (Oct 15, 2021 11:06PM ET) 4/4 (C) Reuters. The Long March-2F Y13 rocket, carrying the Shenzhou-13 spacecraft and three astronauts in China's second...

U.S. offers payments, relocation to family of Afghans killed in botched drone attack

World22 minutes ago (Oct 15, 2021 09:55PM ET) (C) Reuters. FILE PHOTO: The Pentagon logo is seen behind the podium in the briefing room at...

Subscribe here

Latest Posts