Europe: EBA publishes risk assessment of European banking system

The European Banking Association has published its latest risk assessment of the European banking system: see here (pdf). The report notes, amongst other things, that for most banks the macroeconomic environment remains fragile. The case is also made for further supervisory action to reduce uncertainty with regard to the reliability of banks' reported asset values (an issue that has received the attention of the UK's interim Financial Policy Committee: see here, pdf).