ECB Implements Weekly Liquidity Data Requirement to Monitor Banks' Health

The European Central Bank (ECB) will require banks to provide weekly liquidity data starting in September to monitor their ability to withstand potential shocks as interest rates rise. The ECB's supervisory chief, Andrea Enria, stated that while European banks are stronger than before, financial markets are still in a delicate phase due to factors such as the Ukrainian war, higher inflation, and rising interest rates. The ECB aims to have fresher data to better monitor liquidity developments and will focus on this in stress tests and other supervisory processes. Enria also mentioned the potential need for further consolidation in the Italian banking sector.