- European Central Bank (ECB): Increased risks to financial stability after the pandemic.
[Alles Europa News] ;According to The European Central Bank (ECB) which is the central bank of the Eurozone, and as a monetary union of 19 EU member states which employ the euro.
For banks, potential credit risks could only materialize with a delay, warned the ECB.
The institutes should prepare themselves with increased provision for possible failures. According to the central bank, which directly monitors the largest financial institutions in the currency area, the profitability of financial institutions in the euro area will remain comparatively weak.
According to the ECB, climate change is a growing challenge for banks – both in terms of lending and in securing financing.
Europe’s monetary watchdogs also see increased risks for financial stability in the euro area after the Covid-19 crisis.
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