ECB warns banks of geopolitical shocks

Eurozone banks are resilient but need to be ready for geopolitical shocks and cyber consequences, including the risk liquidity could dry up amid jittery financial markets, European Central Bank supervisory chief Claudia Buch said on Thursday.

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Policy reversals in some key areas by US President Donald Trump's administration have unsettled investors in recent months, and policymakers are now assessing how this could affect growth, stability and financial risk.

This comes on top of financial and political stress created by Russia's war in Ukraine and the Western sanctions that followed.