ECB looks at relaxing rules further for virus-hit banks: source
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FRANKFURT (Reuters) - European Central Bank supervisors are looking at relaxing rules further for euro zone banks hit by the coronavirus outbreak, exploiting wiggle room in the application of new accounting standards, a source told Reuters.ECB Banking supervision, which only last week decided it would let banks eat into their capital buffers to cope with the pandemic, is now looking at fresh measures as the odds on a severe recession in the euro zone shorten and bank shares plummet.Specifically,..