ECB, flexibility on banks capital

(ANSA) - ROME, MARCH 12 - ECB supervision authorizes banks to have greater capital flexibility to face the coronavirus emergency and "continue in their role of financing the real economy". The supervisory boards underlines how it will allow banks to fully use "liquidity and capital buffers and operate" temporarily under the capital level "Pillar 2. The ECB will also consider" operational flexibility in the implementation of supervisory measures. "The ECB is then discussing with banks "individual measures" such as rescheduling on-site inspections and extending the deadlines for implementing measures that emerged from the inspections themselves or controls.