Bloomberg News

EBA May Revise Sovereign Debt Cushion, Enria Tells Les Echos

February 15, 2012

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.”

To contact the reporter on this story: Mark Deen in Paris at

To contact the editor responsible for this story: Mark Deen at

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