European Banking Authorities Address Concerns Over Swiss Announcement and Bank Safety
TL;DR Summary
The Single Resolution Board, European Banking Authority, and ECB Banking Supervision welcome the actions taken by Swiss authorities to ensure financial stability. The European banking sector is resilient with robust levels of capital and liquidity. The resolution framework in the EU establishes the order in which shareholders and creditors of a troubled bank should bear losses, with common equity instruments being the first to absorb losses. Additional Tier 1 is and will remain an important component of the capital structure of European banks.
Topics:business#ecb-banking-supervision#european-banking-authority#finance#financial-stability#single-resolution-board#swiss-authorities
- SRB, EBA and ECB Banking Supervision statement on the announcement on 19 March 2023 by Swiss authorities | Single Resolution Board Single Resolution Board
- The ECB Chimes In On Liquidity, I Translate ECB President Christine Lagarde Mish Talk
- Are Europe's banks safe? DW asks Eurogroup President Donohoe | DW Business DW News
- Two major banks in Europe look to regulators for reassurance Reuters
- Lagarde: EU Banks Have Limited Exposure to Credit Suisse Bloomberg Television
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
0 min
vs 1 min read
Condensed
46%
153 → 83 words
Want the full story? Read the original article
Read on Single Resolution Board