12/20/2017 | 09:23am EST
The European Central Bank will only enforce its new, contested rules forcing banks to set aside more cash for loans that sour after a "detailed analysis" of each lender, a senior ECB supervisor said on Wednesday.
"The ECB will never oblige a bank to respect the addendum criteria without first conducting a detailed analysis of the specific circumstances of the bank," Ignazio Angeloni told members of parliament in Italy, where the proposed guidelines have met with fierce opposition.
(Reporting By Francesco Canepa; Editing by Catherine Evans)