(ANSA) – BRUSSELS, JUN 30 – The ECB could ask banks to prepare for the economic repercussions of a cut in gas supplies and also take them into account in dividend policies. With the risk of “a worse macroeconomic scenario than expected, if there was a gas embargo and if a recession started, the outlook for banks could be worse” “, explained Andrea Enria, chairman of the institute’s supervisory board. central, at a hearing in the Economic Affairs Committee of the European Parliament.
“We will talk about it next week at the supervisory board, but we could ask the banks to recalculate the credit trajectories in the event of a worsening of the economic situation, even in the case of an embargo, and also take advantage of this analysis to manage distribution plans”, he added.
“The current environment” is “characterized by higher volatility and lower equity valuations, as markets predict that banks’ profitability and asset quality could be affected by adverse macroeconomic developments. The Eurosystem staff’s macroeconomic projections June 2022 introduces for the first time a bearish scenario involving a possible recession in 2023 following disruptions in the energy supply of the euro area, “he further said. (HANDLE).