OTC MARKET NEWS Powered By Quantifi

European banks strengthen capital position, says EBA 

July 14, 2015

Out-Law.com

The "repair process" in the European bank­ing system since 2011 has led to a major strengthening of banks’ capital position but they still face important challenges and vulnerabilities remain, the European Banking Authority (EBA) has said.
 
Banking Banking & Restructuring Financial services regulation Financial Services UK Europe Germany France
The EBA published its seventh six-monthly report on the risks and vulnerabilities in the EU banking system this week, with the caveat that the report is based on data from December 2014 and does not cover the current challenges caused by the situation in Greece.
 
Private and public debt remains high compared to gross domestic product and there is a risk of instability caused by political, economic and financial uncertainties in some countries, the EBA said. It said banking regulators across the EU are also worried about opera­tional risks including litigation and IT risks.
 
Read More: Out-Law.com
 
Comments are closed on this post.

Subscribe

Submit your email to receive our newsletter

GO