ECB executive board member Sabine Lautenschlager:

  • Key challenge at small banks is business model

We haven't heard from here in awhile. She's been keeping a low profile after spending the early part of her tenure warning about inflation risks that never materialized.

  • Banks 'relentless competition' for clients is unhealthy, pricing wrong

What the heck is this comment? She's suddenly not a capitalist any more when banking profits get squeezed?

We'll have more comments as she makes them.