European banks exposed to risk of US dollar shortfall, says EU watchdog

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Financial Times 1d ago

European banks exposed to risk of US dollar shortfall, says EU watchdog - Financial Times

Quick Summary:

The EBA said the overall dollar funding position of banks in the 27 EU countries, as well as Norway, Iceland and Liechtenstein, had improved since its last study just over two years ago.

Some policymakers may be concerned about the strategic risk of relying so heavily on US banks for key parts of the financial services market.

US banks had increased their share of the EU market from 4 per cent in June 2021 to 4.6 per cent in December 2023, the EBA found.