Regulators and officials across the European Union have been nervous about potential contagion to their own banking sector.
Regulators and officials across the European Union have been nervous about potential contagion to their banking sectors after the recent turmoil in the United States.
It applies to most European banks, but American lenders with a balance sheet below $250 billion do not have to follow them.Chair of the ECB Supervisory Board Andrea Enria and Chairperson of the European Banking Authority Jose Manuel Campa in the European Parliament on March 21, 2023.U.S. regulators made mistakes in failing to prevent the collapse ofand other financial institutions, according to lawmakers in the European Union who believe this is also a moment for some self-assessment in Europe.
Meanwhile, regulators and officials across the European Union have been nervous about potential contagion to their own banking sector. After all, it's not been that long since European banks were in the depths of the global financial crisis. When asked if U.S. regulators made some mistakes, thus failing to prevent the recent banking turmoil, he said: "I definitely think so, you need to have scrutiny. That was the message from 2008."
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