Banks need to boost scenario planning for rising geopolitical risks, José Manuel Campa, chair of the European Banking Authority (EBA), tells Euromoney.
He pushes back against bankers’ arguments that more aggressive regulation versus the US has put banks in the European Union at a disadvantage.
Neither does he agree with some bankers who argue that EU banks’ strong capital and liquidity, and robust asset quality up to now – despite Covid-19, the war in Ukraine and higher interest rates – means the bloc’s financial authorities do not need to put any more pressure on banks.
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