FRANKFURT, March 28 (Reuters) - Banking supervision
across Europe must not be watered down and volatility in the
sector over the past several weeks illustrates the need for
attention in the riskiest parts of the business, European
Central Bank supervisory chief Andrea Enria said.
"Being more risk-focused doesn’t mean being any less
intrusive," Enria said in a speech on Tuesday. "On the contrary,
we are placing increasing emphasis on a structured escalation of
our supervisory interventions where banks’ progress is lagging
behind clearly set timelines."
Enria added that quick interest rate hikes also require
supervisors to take a deeper look at how lenders manage
interest-rate risk.
(Reporting by Balazs Koranyi
Editing by Francesco Canepa)
Reuters Messaging:
balazs.koranyi.thomsonreuters.com@reuters.net))
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