Reuters According to Enria, the ECB will crack down on banks taking advantage of the market boom. Reuters – FRANKFURT (Reuters) – 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. After years of low rates and booming stock markets, Enria said there was evidence that banks had become complacent and risk-hungry, pointing to a surge in the issuance of collateralized loan obligations, equity swaps, and loans to already leveraged clients. “Concrete signals of risk build-up have become apparent in the risky asset classes of leveraged debt and equity-related derivatives, in our opinion, which need increased supervision,” Enria said in a webcast lecture./nRead More