ECB’s Enria: The impact of covid on bank balance sheets has remained limited
|Eurozone banks have seen "limited" hit from pandemic so far, the European Central Bank (ECB) top supervisor Andrea Enria said in a speech on Friday, referring to the covid impact on the banks’ balance sheet.
Key quotes
"But we should not be complacent. “
“We cannot rule out that once the government support measures are lifted, some banks may experience a significant deterioration in their asset quality."
EUR/USD pressured below 1.2150
EUR/USD trades at 1.2136, losing 0.16% on the day, having recovered from 1.2118 lows.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.