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EU banks have strong exposure to geopolitical risks, EBA says

( December 3, 2024, 13:00 GMT | Official Statement) -- MLex Summary: Direct exposures of EU banks to counterparties domiciled in geopolitically high-risk countries exceed 500 billion euros, or almost 2 percent of their total assets, an official of the European Banking Authority told the board of supervisors last October, according to minutes of the meeting published this week. The topic of geopolitical risks will be central in the scenario used for next year's stress tests conducted by the Authority to evaluate banks' resilience, the document adds.Minutes are attached....

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