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Monday, June 21, 2021

ECB’s Enria: Banks now ready to take Brexit hit partially

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Eurozone banks are now ready to take Brexit hit, to some extent, the European Central Bank (ECB) Chief Supervisor Andrea Enria said in a TV interview on Friday.

She added that “now is the time for banks to start becoming more active in recognizing their asset quality issues as also to avoid a huge cliff-edge effect at the end of the payment breaks.”

Market reaction

As the European equities turn south, the US dollar is regaining some lost ground, dragging EUR/USD away from the daily highs of 1.1685.

The above comments have little impact on the spot, as it currently trades 0.06% lower at 1.1665.

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