To recap, no system is perfect however, the EU has some of the most stringent banking regulations in the world. Most sources agree that all major EU banks (in terms of liquidity) are well-placed to face market volatility.
Lemonway operates in this environment and we feel assured and confident about the strength of the EU banking system.
"The six largest French banks have sound liquidity buffers to absorb potential liquidity pressures that could come from the current volatile market conditions and they are well-positioned to absorb the short-term negative impacts of higher interest rates" Fitch Ratings-London-23 March 2023
📘 Credit Suisse
The Swiss based bank Credit Suisse has been in the news recently, due to its financial instability. Swizlerland is not EU country, therfore Credit Suisse does not fall under the EU banking regulation.
Further Information and Sources
Regulatory websites should be consulted for the most up-to-date information concerning rules and legislation.
- DIRECTIVE 2015/2366 - PSD2 Direction En | Fr | Es | De - This site offers documentation in all official EU languages, consult the main page for all listed languages.
- DIRECTIVE 2014/49 - EU Deposit Guarantee Schemes En | Fr - This site offers documentation in all official EU languages, consult the main page for all listed languages.
- Europe’s Major Banks Well-Placed to Face Market Volatility
- EU Banks...well above the minimum liquidity requirement
- BNParibas - FGDR
- CIC - FGDR
- BPCE - FGDR
- Official site for Le Fonds de Garantie des Dépôts et de Résolution, (FGDR)
- European Stress Test
- Lemonway SAS - Legal information