The shadow banking sector is the “soft spot in the financial system” and could trigger the next economic crisis, the vice-president of the European Central Bank has told the Business Post.
The shadow banking sector is the “soft spot in the financial system” and could trigger the next economic crisis, the vice-president of the European Central Bank has warned.
In the aftermath of the rescue of Credit Suisse last week, Luis de Guindos told the Business Post that he believed the European banking sector was “sound and resilient”, but the non-bank sector “could be a source of problems for the whole financial system”.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ECB vice-president Luis de Guindos on risky non-banks: ‘the soft spot in the system’For the vice-president of the European Central Bank, bringing inflation in the euro area back to 2 per cent is the ultimate goal – but he is concerned about vulnerabilities in the burgeoning shadow banking sector
Read more »
Irish bank shares drop as Deutsche becomes new focus of industry turmoilBanking stocks across Europe recorded declines amid concerns about the stability of the sector
Read more »
Irish bank shares drop as Deutsche becomes new focus of industry turmoilThe share price of Ireland’s main lenders dropped today after concerns about Deutsche Bank led to further worries about the financial stability of the sector.
Read more »
The 9 at 9: SundayIreland on film, St Patrick's week wrap and glory for Irish rugby - it's the 9 at 9
Read more »
All to play for as provinces head into final rounds of URC regular seasonAll four Irish teams are back in URC action this weekend.
Read more »
Paris art sale celebrates cultural connections between Ireland and FranceArabella Bishop and Charlie Minter of Sotheby’s discuss the evolution of Irish art, the forthcoming Irish Art Sale and their tips for budding collectors
Read more »