The chair of the Supervisory Board of the Single Supervisory Mechanism (SSM), Andrea Enria, said that the big banks in the euro area banking union would pay “€10 billion” in dividends to their shareholders in early 2021 as part of a gradual resumption of such payments after the ban imposed in 2020 due to the outbreak of the Covid-19 pandemic.
Asked by Ernest Urtasun (Greens/EFA, Spain) and Aurore Lalucq (S&D, France), Mr Enria said that the 2020 ban was justified. In 2021, he argued,...