Andrea Enria

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While each variant of the virus appears to have less of an impact on the economy, we still don’t know how things will pan out as central banks and governments taper pandemic stimulus this year.
Now’s not the time for banks to release Covid-19 provisions

There was a view in the market about six months ago that Irish banks would be in a position to release in their 2021 accounts some of the bad loan pro(...)

MEP Frances Fitzgerald: “Banks must be accommodative and proactive to people’s needs and ability to make repayments.” Photograph: Brian Lawless/PA
EU bank watchdog may need to revisit payment breaks

The European Banking Authority (EBA) may need to look again soon at reintroducing guidelines for blanket loan payment breaks if the economy deteriorat(...)

ECB president Christine Lagarde said to have consulted banks and EU officials about a bad bank scheme in recent weeks. Photograph: EPA
ECB prepares Nama-style ‘bad bank’ plan for Covid toxic debt – sources

European Central Bank officials are drawing up a scheme to cope with potentially hundreds of billions of euros of unpaid loans in the wake of the coro(...)

ECB pushes for euro zone bad bank to clean up soured loans

European Central Bank officials have held high-level talks with counterparts in Brussels about creating a euro zone bad bank to remove billions of eur(...)

ECB headquarters in Frankfurt, Germany. The regulator has already relaxed capital requirements for euro zone banks. Photograph: Getty
ECB orders banks to freeze dividends and share buybacks

The European Central Bank has ordered euro zone banks to freeze dividend payments and share buybacks this year in an escalation of its efforts to avoi(...)

ECB policymakers suggest a combination of measures may be needed to prop up the euro zone economy as recent indicators paint an even bleaker picture of the outlook. Photograph: iStock
Euro zone banks to get more time to cover bad loans as ECB eases rules

Banks in the euro zone will get more time to set aside cash to cover for loans that have gone or will go unpaid after the European Central Bank bowed (...)

Boris Johnson (pictured) and foreign secretary Jeremy Hunt are the two remaining candidates for the Tory leadership.
Impatient, hostile Europe readies itself for Boris Johnson

Boris Johnson’s surge towards Downing St appeared to provoke a hardening of the rhetoric in Europe this week as EU leaders braced for a new phase – an(...)

Minister for Finance Paschal Donohoe has to deal with the thorny subject of bankers’ bonuses.
Ban on bank bonuses works against hunt for Brexodus jobs

As Patrick Honohan wrapped up the list of people he needed to thank at the launch this week of his new almost 400-page read on the origins of the fina(...)

FIBI chairman and chief executive of BNP Paribas Ireland Derek Kehoe, Bloomberg’s Stephanie Flanders and ECB supervisory board chair Andrea Enria: “It is common wisdom by now that, before the crisis, compensation schemes were skewed.” Photograph: Naoise Culhane
Banks too focused on paying cash bonuses, says ECB supervisor

Banks are paying bonuses that are too focused on cash instead of shares, against EU rules, the European Central Bank’s head of banking supervision tol(...)

European regulators are arguing that granting of banking licences was based on clear capitalisation plans for new entities, say sources
Brexit: Global firms postponing transfer of capital to EU from UK

Several financial services firms in London are refraining from building up further reserves in the euro area until closer to the October Brexit deadli(...)

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