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9/22, 1:11 PM (Source: TeleTrader)
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ECB signals inspections in digital sphere of banking

Chair of the European Central Bank's Supervisory Board Andrea Enria (pictured) announced on Wednesday that additional banking supervisory activities "in the area of digitalisation" are expected.

At an event hosted by BofA Securities Inc., known previously as Bank of America Merrill Lynch, Enria explained that broader "engagement with banks" is aimed at helping the lenders "prepare for the new normal that will eventually come."

He also addressed bank shareholders, urging the investors to "focus on long-term value creation" rather than on "immediate pay-out outcomes."

Breaking the News / BU