Geopolitical Risks Not Yet Hitting Euro Zone Bank Books
ECB supervisor Claudia Buch says geopolitical risks could take years to hit bank balance sheets. She urged lenders to build resilience against cyber threats.
Xurve View
Xurve View
The balance sheets of financial institutions within the euro zone do not yet reflect the impact of heightened geopolitical tensions, according to European Central Bank supervisor Claudia Buch. Speaking at a forum hosted by the Institute of International Finance in Washington, Buch noted that the deterioration of loan quality resulting from global instability often takes years to manifest.
