Brussels, 01/04/2015 (Agence Europe) - Daniele Nouy, chair of the Single Supervisory Board at the ECB, feels that European banks' exposure to sovereign risk should not be seen as risk-free.
“What is important is the acknowledgement that sovereign debt isn't risk-free. If the rules were to make that clear, that would send a strong signal”, said Nouy in an interview with German business newspaper Handelsblatt. “There's a general problem with how sovereign debt is treated on bank balance...