European Banks Resilient to Shocks Says New EBA Chief
EBA head François-Louis Michaud says European banks are resilient to geopolitical stress. He urged lenders to prepare for AI-related cybersecurity risks.
Xurve View
Xurve View
François-Louis Michaud, the newly appointed head of the European Banking Authority, has stated that lenders within the European Union possess sufficient resilience to navigate current financial and geopolitical volatility. However, he emphasized the necessity for institutions to prepare for emerging threats, particularly those involving artificial intelligence and cybersecurity.
