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Feb. 15 (Bloomberg) -- The European Banking Authority may revise the cushion it requires banks to hold for sovereign debt, Chairman Andrea Enria said, according to an interview published in Les Echos newspaper.
“The cushion allocated to sovereign debt was fixed in September so that banks wouldn’t have to sell their debt holdings precipitously,” Enria was quoted as saying. “In the meantime, political solutions to the crisis have emerged. If they continue, we’ll be able to revise the size of the cushion dedicated to sovereign debt.”
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