Hard-to-value assets fell at EU banks in Q2
The amount of fair value assets that couldn’t be priced using market inputs shrank back over the second quarter at top European Union banks, after surging higher in Q1.
Level 3 assets, those valued using banks’ own models because market prices aren’t available, totalled €213.8 billion ($251.4 billion) across the 112 significant institutions overseen by the European Central Bank (ECB) as of Q2, down 7% from €229.6 billion in Q1.
These made up 0.87% of total assets as of end-June, down from 0.96
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