March 22, 2017 / 11:35 AM / 3 years ago

EBA's Enria confident of agreement on bank models soon

Chairperson of European Banking Authority (EBA) Andrea Enria attends a debate with the European Parliament's Economic and Monetary Affairs Committee in Brussels, Belgium September 26, 2016. REUTERS/Yves Herman

FRANKFURT (Reuters) - Europe’s top bank regulator expects a global agreement “soon” over the models that large banks use to measure risk, the main hurdle to finalising global rules designed to avoid a repeat of the 2008 financial crisis, he said on Wednesday.

“We’ve done a lot of work (on internal models), we’re very close to an agreement and I’m confident we’ll get there soon,” Andrea Enria, the chairman of the European Banking authority, said at an event in Frankfurt.

Reporting by Francesco Canepa; Editing by Alison Williams

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