ECB Widens Its Sweep of Banks’ Credit Suisse Risk on AT1 Fallout
- ECB has said direct exposure to bond wipe out is limited
- Supervisors probing risks from losses at trading clients
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The European Central Bank is asking lenders about indirect exposure to Credit Suisse Group AG after finding that their balance sheets show few or no holdings of the Swiss firm’s junior debt, according to people familiar with the matter.
The watchdog is widening its approach to ask banks if they face risks from their trading clients losing money on the type of bonds set to be wiped out in the rescue of Credit Suisse, said the people, who asked not be identified as the matter is private.