Four in five EU banks quizzed on credit risks in 2020
Covid panic exposed cracks in banks' credit models
European authorities sent recommendations on solving credit risk issues to 80% of banks in 2020, up from less than 50% the year before, clearly indicating where supervisors’ concerns lie in the wake of the coronavirus crisis.
Asks related to credit risk made up one-quarter of all qualitative recommendations sent to 112 banks directly supervised by the European Central Bank, compared with 17% in 2019. Almost two-thirds of these 2019 recommendations are yet to be taken up by banks, in part
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