There is no direct parallel between US and euro area events, says Andrea Enria at an exchange of views before the ECON Committee. The banks we supervise do not have the same extreme exposure to interest rate risk as those with “SVB” business models.

More https://www.bankingsupervision.europa.eu/press/speeches/date/2023/html/ssm.sp230321_1.en.html

🐦🔗: https://n.respublicae.eu/ecb/status/1638219967660277760