Wednesday May 27, 2020

Irish woman selected to tackle soured loans across Europe

Ireland’s head of banking regulation Sharon Donnery will lead the charge for ECB

23rd October, 2015
Sharon Donnery has a big task ahead Pic: Bloomberg

The European Central Bank’s oversight arm chose Ireland’s head of banking regulation, Sharon Donnery, to lead a charge on tackling soured loans across the euro area.

Donnery, director of credit institutions at the Irish central bank, is leading a working group on resolving loans in partial or full default across euro-region banks, Daniele Nouy, chair of the ECB supervisory board, said yesterday.

An average 12 per cent of loans across 123...

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