EBA Risk Dashboard: cyber risk remains a source of concern for EU banks
The European Banking Authority (EBA) has published its quarterly Risk Dashboard together with the results of the autumn edition of the Risk Assessment Questionnaire (RAQ). Therefore, according to the EBA, bank capital ratios remain well above regulatory requirements, asset quality has further improved, but there are concerns for loans that have benefited from moratoria and public guarantee schemes not least due to general uncertainty due to Covid-19 variant, Omicron. Moreover, the majority of banks expect a rise in operational risks mainly due to elevated cyber risks.
In this alert you will read more about how banks are adapting to industry trends (Fintech and ESG adoption) and about operational and cyber risks.