ECB speech on banking supervision activities
On 12 December 2019, the European Central Bank (ECB) published the introductory comments made by its chair, Andrea Enria, at the second ordinary hearing at the European Parliament’s Economic and Monetary Affairs Committee.
In his comments, Mr Enria describes the progress in the Eurozone in reducing risks in the banking sector noting that the volume of non-performing loans (NPLs) has reduced from €1 trillion to €562 billion since the ECB assumed its supervisory responsibilities in…