ECB flags ‘persistent concerns’ over bank governance
Supervisors perform first assessment of “excessive leverage” and demand action from four banks
The European Central Bank warned today (February 8) that while banks remain resilient, senior managers are failing to implement satisfactory governance structures and risk controls.
At the conclusion of its annual supervisory review and evaluation process (SREP) for 2022, the ECB concluded the eurozone’s major banks all have sufficient capital and liquidity. There was a small increase in the average score awarded to institutions.
But while the ECB did not demand any system-wide increase in
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