ECB's Nowotny says Europe not facing new banking crisis

ECB's Nowotny says Europe not facing new banking crisis
 

European Central Bank Governing Council member Ewald Nowotny said on Thursday he did not believe that Europe faced a new banking crisis similar to that seen in 2007 and 2008, but the financial sector was clearly in a transitional phase.
"I wouldn't overdramatize it. We're in a transitional and learning phase," Nowotny told Reuters before an event hosted by the Friedrich Ebert Stiftung foundation, when asked about the concerns triggered by new banking requirements to be finalised by the end of the year.
He said financial institutions would have to learn to deal with the new... read more

 
30 September 2016 in Business, Views: 52
Source: Reuters
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