ECB testing banks’ ability to deal with a second wave of Covid-19 – Enria

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Andrea Enria

Andrea Enria, European Central Bank’s Supervisory Board

The European Central Bank is testing banks’ resilience to a second wave of Covid-19 contagion, said Andrea Enria, chair of the ECB’s Supervisory Board.

In a meeting with journalists today (June 9), Enria confirmed the Single Supervisory Mechanism (SSM) was currently implementing so-called vulnerability analysis. This aims to assess how banks would perform under the macroeconomic scenarios foreseen by the ECB. In May, ECB staff projected three scenarios including GDP contractions of 5%, 8% or 12

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