European Central Bank Vice President Vitor Constancio said the region could see a wave of bank mergers as the presence of the Single Supervisory Mechanism prompts deeper integration.
European Central Bank Vice President Vitor Constancio said lenders in the region are reducing the risk of failing a balance-sheet review by taking pre-emptive steps to increase capital ratios.
The European Central Bank is ready to act “swiftly” if needed to counter the risk of persistently low inflation in the euro area, Vice President Vitor Constancio said today in Brussels.
European Central Bank Vice President Vitor Constancio signaled that large-scale asset purchases are the next step policy makers are prepared to take if the inflation outlook worsens.
"We are dedicating considerable time and effort to making this process rigorous."
- Vitor Constancio on Aug 08, 2014