Supervisory supremo on the wires in cautious mode
- focus is on non-performing exposures and concentrations of exposures in areas like real estate
- economic environment will remain challenging
- further important steps on regulatory harmonisation are needed
- business models in term of their viability and profit drivers will remain a priority for us I 2016
Earlier Draghi said that depositors need to be protected and that a single scheme should be introduced across the Eurozone.
He further warned that failure to make such reforms had made the currency union vulnerable
All helping to undermine the euro this morning
Draghi says depositor protection is crucial