As we exit “low for long” interest rates, banks are more sensitive to interest rate and credit spread risks.

The preliminary results of a targeted review show trading book-related risks to be limited, but some banking book exposures could lead to losses https://www.bankingsupervision.europa.eu/press/publications/newsletter/2022/html/ssm.nl220817_1.en.html

🐦🔗: https://nitter.eu/ecb/status/1560175679139987457