The three European Financial Supervisory Authorities (ESAs) - ESMA for the financial markets, EBA for the banking sector, and EIOPA for the insurance sector - published on Tuesday 22 September their first joint risk assessment report on the financial sector since the outbreak of the Covid-19 pandemic.
The appearance of the coronavirus has had an inevitable impact on the EU financial sector. “Liquidity, credit and solvency risks have increased across the board”, the ESAs note.
While the...