At the Deusto Business School Financial Conference, the director once again referred to the “disturbances” caused by the bankruptcy of Silicon Valley Bank and the effects in Europe, and insisted on conveying a message of “tranquility”.
Euskaraz irakurri: Europako Batasunean “bankuak batzeko” bideari “lehenbailehen” ekitea eskatu du Azpiazuk
Constitution of a European deposit guarantee fund and the banking union in the EU. There are two “pending reforms” that the Minister of Economy and Finance of the Basque Government, Pedro Azpiazuwhile stressing that the banking system in the euro zone is “robust and solvent”.
Azpiazu closed this Wednesday the Deusto Business School Financial Conference, focused on “Capital Markets and Private Equity”. In his speech, he once again referred to the “disturbances” caused by the bankruptcy of Silicon Valley Bank and the effects in Europe, such as the fall on the stock market of Deutsche Bank, and he insisted on conveying a message of “tranquility”.
“Euro zone banks have shown their resilience in the face of adverse macroeconomic shocks”, remarked the director, who indicated that unlike the world financial crisis of 2008, the “promulgated reforms are working” and there is a ” robust and solvent banking system”.
However, he has stressed that it is necessary to “accelerate the reforms still pending” such as the constitution of the European deposit guarantee fund and the banking union.
Source: Eitb
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