ECB to come down on banks taking on too much financial risk, Enria says

1 minute ago by Reuters1 minute ago by Reuters1 minute ago by Reuters1 Read Reuters, FRANKFURT, July 2 – According to Andrea Enria, the European Central Bank’s top supervisor, the ECB aims to crack down on banks that take on too much risk through financial products like leveraged loans and equity-related derivatives. “We plan to apply the full range of supervisory measures available to us, including minimum capital requirements appropriate with the specific risk profile of individual banks, should this become necessary, in crucial areas such as leveraged financing,” Enria said in a speech. Francesco Canepa contributed reporting, and Alison Williams edited the piece./nRead More