Risk USA: European banks need to change or suffer consequences

European banks need to reduce mismatches between their risk appetite and the risk appetite of investors, says Deutsche Bank chief credit officer

Sewing: liquidity is critical

European banks have to bring their business models in line with the risk appetite of investors or suffer the consequences, warned Deutsche Bank's group chief credit officer, Christian Sewing.

Speaking at Risk USA in New York this morning, Sewing claimed Deutsche Bank had gone to great lengths to better match the risk appetite of the firm with the risk appetite of investors. Faced with continuing market turbulence, other European banks urgently need to do the same thing, he suggested.

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