Even if the worst-case scenario seems to have been averted thanks to a stronger-than-expected economic rebound, European banks, which remain well capitalised, must continue to assess, as proactively as possible and on a client-by-client basis, the credit risk arising from the Covid-19 pandemic, said the chairman of the ECB’s Single Supervisory Board, Andrea Enria, on Thursday 1 July.
“Our main goal as supervisor is still to ensure that banks are able to identify and manage any credit...