Thanks to its strong capital and liquidity position, Europe’s banking sector is “well prepared” to absorb the impact of Russia’s invasion of Ukraine, said Andrea Enria, chairman of the Single Supervisory Mechanism (SSM), the EU authority responsible for supervising large banks within the euro area banking union, on Thursday 31 March in a dialogue with the European Parliament’s Committee on Economic and Monetary Affairs.
Estimated at “€100 billion”, the direct exposure of EU...