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MNI BRIEF: Yield Hunt Boosts Banks' Post-Covid Risks - Bollo


Euro area banks must urgently address any search for yield behaviour that could lead to future turmoil for the financial system, ECB Supervisory Board member Edouard Fernandez-Bollo said in a speech Tuesday, as he cautioned against post-Covid 19 pandemic risk complacency.

Fully incorporating climate-related and environmental risks into banks' strategy and risk governance should also be a priority, Fernandez-Bollo added, while pre-Covid structural challenges to the sustainability of European banks' business models should be addressed. The full impact of the pandemic shock has not yet materialised on banks' balance sheets and may only do so once government support measures are withdrawn, he cautioned.

MNI London Bureau | +44 20 3983 7894 |
MNI London Bureau | +44 20 3983 7894 |

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