OeNB: Central bank seeks orderly deleveraging

Andreas Ittner, executive director, Austrian Nationalbank (OeNB), discusses the challenges of regulating banks with diverse emerging European portfolios.

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What are the key challenges facing regulators of banks with subsidiaries in central and eastern Europe (CEE)?
Andreas Ittner, executive director, Austrian Nationalbank (OeNB),

First of all, CEE is not CEE. The umbrella-term CEE covers countries as diverse – economically and politically – as the Czech Republic and Poland on the one hand and Kazakhstan and Ukraine on the other. Second, the challenges of regulators of banks with subsidiaries in CEE do not, broadly speaking, differ from the challenges of other regulators of international banks active in emerging markets.

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