Finance
ECB Is Set to Step Up Focus on Geopolitical Risks at Banks
- Regulator set to ask banks for more information on the risks
- Supervision head Buch has signaled bigger focus on geopolitics
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The European Central Bank plans to demand more information from banks about their exposure to geopolitical risks as supervision head Claudia Buch puts her stamp on the institution.
The ECB is poised to formally elevate next month the importance of potential hits from political events including wars in its annual list of banking supervisory priorities for the coming years, according to people familiar with the matter. That will entail increasing requests for information as well on-site inspections for banks, said some of the people, who asked to remain anonymous as the move has yet to be announced.