VIENNA Oct 5 The European banking system has
built up a lot of loss- absorbing capacity but it is not yet at
the point where it could handle the collapse of any player
without a systemic impact, the European Banking Authority's
chairman said on Wednesday.
"We have built a lot of loss-absorbing capacity in the
system, which I think should give reassurance to everybody that
we are now in a much stronger position than we were some years
ago," Andrea Enria told reporters when asked about the plight of
"We have worked a lot ... to build up a system in which we
can have every bank basically exit the market without generating
systemic impact," he said, emphasizing that he was not speaking
about any lender in particular. "Are we there yet? Not yet."
(Reporting by Francois Murphy; Editing by Susan Fenton)