May 3, 2019 / 12:50 PM / 16 days ago

ECB's Enria calls for measures to favour banking mergers in Europe

FILE PHOTO: Andrea Enria, chairperson of the European Banking Authority, speaks at Reuters Summit interview in London, Britain, September 25, 2017. REUTERS/Afolabi Sotunde

FLORENCE (Reuters) - The European Central Bank’s top watchdog said on Friday the euro zone needed to favour mergers of banking groups in the bloc.

“We need to deploy policies to restore and improve the integration of our banking markets to favour consolidation and also cross-border consolidation, possibly of banks,” Andrea Enria told a conference in Florence.

Reporting by Crispian Balmer; writing by Francesco Guarascio; Editing by Gareth Jones

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