Credit Suisse collapse triggered eurozone contagion – ECB’s Enria
Enria says some kinds of contagion were more dangerous than others as Swiss G-Sib collapsed
The failure of Credit Suisse triggered several forms of contagion in the eurozone, some more dangerous than others, the European Central Bank’s Andrea Enria said on March 28.
Direct exposures to the globally systemic Swiss bank were “manageable”, the ECB’s chief bank supervisor told a conference in Frankfurt. A second form of contagion, via wider connections to the financial market, was “very relevant” for Credit Suisse, given its systemic position. But this was successfully managed through its
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