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EU banks sweeping sour loans under carpet face ‘super-granular’ ECB probe

( May 6, 2021, 15:48 GMT | Official Statement) -- MLex Summary: EU banks are relying on backward-looking analysis unsuited to Covid-19, and aren't spotting likely defaults before they happen, suggesting some may be trying to "sweep problems under the carpet" relating to the likely rise in pandemic sour loans, the European Central Bank's lead supervisor said in an interview. Andrea Enria said he was doing a "super-granular analysis" of exposure to sectors such as food, commercial real estate and digital distribution.INTERVIEW...

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