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EU banks need better boards to deal with viruses offline and on, Enria says

By Jack Schickler ( May 28, 2021, 15:10 GMT | Insight) -- EU banks need more effective and experienced boards if they're to overcome the turbulence of Covid-19 as well as longer-term challenges like climate change and digital technology, the European Central Bank’s lead banking supervisor said today. ECB guidance will soon be published on the vetting of senior bank executives, Andrea Enria said, calling for banks to hire more executives with IT expertise, and take radical self-help to fix moribund business models.EU banks need more effective and experienced boards if they're to overcome the turbulence of Covid-19 as well as longer-term trends like climate change and digital technology, the European Central Bank’s lead banking supervisor has said....

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