The socio-economic crisis caused by the Covid-19 pandemic, the full effects of which have not yet been felt in the European Union, is a serious test of the economic governance and prudential rules in the banking and financial sectors put in place at European level after the 2008 crisis, the European Court of Auditors noted in a report published on Thursday 24 September.
This report, which is not an audit, acknowledges that the banking sector entered the pandemic period better capitalized...