ECB's Nouy: AQR execution almost complete

FXStreet (Łódź) - Speaking at the Bundesbank Symposium Bankenaufsicht im Dialog, ECB Supervisory Board Chair Daniele Nouy said that the central bank's data collection for the asset quality review was nearly finished, while the preparations for the Single Supervisory Mechanism were at an advanced stage.

The ECB policymaker suggested that European banks were in a better state than perceived by the market. He declared that the asset quality review results would be shown to banks before making them public.