EU banks partially ready to take Brexit hit - ECB's Enria

Friday, 25. September 2020 10:48

European Central Bank Chief Supervisor Andrea Enria revealed on Friday that banks in the euro area are ready to take Brexit hit to some degree.

"Now is the time for banks to start becoming more active in recognizing their asset quality issues, as well as to avoid a huge cliff-edge effect at the end of the payment breaks," Enria explained in a TV interview.

Meanwhile, a report suggested the upcoming round of post-Brexit trade talks will start in positive sentiment, prompting optimism that an agreement between Brussels and London can be reached before the end of the transition period.

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Breaking the News / ND