Central Banks

ECB’s Guindos Cites ‘Red Lines’ on Capital as Banks Seek Relief

WATCH: ECB Vice President Luis de Guindos discusses the ECB’s financial resilience, fiscal concerns in France and other European Union nations, and the outlook for euro-area economic growth. Source: Bloomberg

European Central Bank Vice President Luis de Guindos gave one of the starkest signals yet that top officials who are working to lighten the regulatory burden on banks won’t water down their financial strength.

“We have some red lines,” Guindos told Bloomberg Television on Wednesday. “The level of capital, the level of resilience of the European banks is something that is very relevant.”