LONDON (Reuters) – Banks in the European Union are to get more capital relief to help companies struggling in the coronavirus pandemic and avoid crippling provisions for loans hit by a looming deep recession, sources said on Monday.
The bloc’s financial services chief Valdis Dombrovskis is expected to propose this week that the EU will “emulate in some form” a move by the Federal Reserve to allow banks to ease how they calculate their leverage ratio, sources familiar with the package said.
(Reporting by Huw Jones, editing by Louise Heavens)
