“What does 2018 have in store for banks and their supervisors? That is a very interesting question, but one that is hard to answer – unless you have a crystal ball”, said Danièle Nouy, the Chair of the Supervisory Board of the European Central Bank (ECB), opening the annual press conference on Banking Union, held in Frankfurt am Main on Wednesday 7 February.
As far as she is concerned, one thing is clear: non-performing loans (NPL) and Brexit will be two major challenges and 2018 will...