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The European Central Bank is urging Raiffeisen and UniCredit to maintain capital reserves to mitigate risks associated with their operations in Russia, where they lack effective control. This move could lead to increased capital requirements for both banks, which are already facing pressure to reduce their Russian exposure amid regulatory tensions. Raiffeisen is also addressing concerns over its commercial real estate loans, while UniCredit has initiated legal action against the ECB's directives.
The European Central Bank is urging Raiffeisen and UniCredit to maintain capital buffers against risks from their Russian operations, amid ongoing tensions following Russia"s invasion of Ukraine. Both banks are under pressure to reduce their activities in Russia, with Raiffeisen facing additional demands related to risky real estate loans. The ECB"s actions may lead to legally binding capital requirements as it assesses the banks" exposure to unacceptable risks.
Andrea Resti
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ECB urges Raiffeisen and UniCredit to bolster capital for Russia risks
Euro
United States Dollar
UniCredit S.p.A.
Raiffeisen Bank International AG
USA
RUS
AUT
Andrea Resti
Bart Joosen
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18:21 08.11.2024
ECB urges Raiffeisen and UniCredit to bolster capital for Russia risks
United States Dollar
Euro
Russian Ruble
Raiffeisen Bank International AG
UniCredit S.p.A.
RUS
John O'Donnell
Valentina Za
Bart Joosen
Andrea Resti
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15:46 08.11.2024
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