Greek exit threatens eurozone ALM

The Greek gift

Deposit flight from eurozone countries could undermine banks’ attempts to match assets and liabilities on a country-by-country basis – work that has been going on for well over a year, as some institutions have quietly sought to minimise their exposure to eurozone fragmentation and redenomination.

The risks posed by deposit flight have come to the fore in the past two weeks, after inconclusive Greek elections increased the likelihood of the country’s exit from the eurozone – and the possible