On Wednesday 18 March, Claudia Buch, Chair of the ECB’s Single Supervision Mechanism (SSM), pointed to “limited pockets of vulnerability” among European banks in market segments such as “commercial real estate and lending to SMEs”.
However, the major banks in the euro area have “solid levels of capitalisation”, with a CET1 ratio of “around 16%”, Ms Buch told the European Parliament’s Committee on Economic and Monetary Affairs. She noted that there were “no significant...