Danièle Nouy

Single Supervisory Mechanism (SSM) chief Daniele Nouy held talks with the heads of the country's four systemic banks on Monday. The discussions centered around the intensification of efforts to reduce bad-loan stocks, streamlining bank finances, financing the economy and the lenders' corporate governance.

The head of the ECB's Single Supervisory Mechanism (SSM), Daniele Nouy, completed a two-day visit to Athens on Tuesday, during which she met with Greece's central banker Yannis Stournaras and representatives of lenders to discuss the health of the country's banking system.

The chief of the ECB's Single Supervisory Mechanism (SSM), Daniele Nouy, is in Greece for a two-day visit starting Monday, according to reports.

Nouy is expected to meet with Bank of Greece governor Yannis Stournaras and representatives of the country's lending institutions in the wake of the successful stress tests.

The European Central Bank will decide "on a case-by-case basis" whether to demand that more capital is set aside by banks that come up short under stress in this year's health check of the European credit sector, its top supervisor said on Thursday.

The heads of Greece's banks returned to Athens from Frankfurt last week concerned about the European Central Bank's intentions regarding the upcoming stress tests.

The European Central Bank has "flaws" in its procedures for identifying and dealing with banks in crisis, European Union auditors said on Tuesday.

Without a post-bailout program framework, the special status allowing Greek banks to enjoy European Central Bank financing will be lost, ECB governing council member Benoit Coeure is said to have told Greek bankers on Monday in Frankfurt, while Bundesbank President Jens Weidmann also expressed support for such a framework for Greece.

The parameters of the adverse scenario stress tests scheduled in February on Greece's banks, with an emphasis on property values, will be at the focus of talks between the Hellenic Bank Association, led by Nikos Karamouzis, and the head of the European Central Bank's Single Supervisory Mechanism (SSM), Daniele Nouy, on January 15.

Cypriot banks need to apply "additional and persistent" efforts to wrestle down a stockpile of nonperforming loans (NPLs), the European Central Bank's Daniele Nouy said in an interview published on Monday.

Nouy, who heads banking supervision at the ECB, said there had been uneven progress on handling the problem at banks in Cyprus.

Cypriot banks need to apply "additional and persistent" efforts to wrestle down a stockpile of non-performing loans (NPLs), ECB's Daniele Nouy said in an interview published on Monday.

Nouy, who heads banking supervision at the European Central Bank, said there had been uneven progress across banks on handling the problem.