ECB to review how banks cope with ultra low rates - Angeloni
FRANKFURT (Reuters) - The European Central Bank plans an in-depth review of how banks are coping with ultra-low interest rates and aims to establish a more consistent approach to supervising banks with high levels of bad loans, a top ECB regulator said on Thursday. "We plan in-depth reviews of the drivers of banks’ profitability at firm level and across business models," ECB bank supervision board member Ignazio Angeloni said in a speech. "We intend to focus in particular on how banks are coping with the protracted low interest rate environment and the evolving regulatory environment," Angeloni added. To read Angeloni's speech, click on: https://www.bankingsupervision.europa.eu/press/speeches/date/2016/html/se160526.en.html (Reporting by Balazs Koranyi; Editing by Toby Chopra)
