Eurozone banks face 'in-depth' scrutiny of risk handling, Nouy says
Banks’ risk culture under scrutiny from ECB’s single supervisory mechanism
The European Central Bank's (ECB's) single supervisory mechanism (SSM) is carrying out a "thematic review" of eurozone commercial banks' handling of risk, Danièle Nouy said in a speech in Frankfurt today (November 23).
Board members of eurozone banks had to define a "risk appetite framework", or RAF, Nouy, the supervisory board chair, said, as part of the SSM's supervisory review and evaluation process (SREP). Boards of commercial banks also had a wider duty to promote "an appropriate risk
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