This year marks the 10th anniversary of the establishment of the Single Resolution Board (SRB), which is responsible for the centralized resolution of bank failures in the eurozone. As the core of the eurozone's "banking union," the SRB has steadily built up a track record. We spoke with Dominique Laboureix, Chairman of the SRB, who visited Japan, about its current state.
"Even by international standards, the level of robustness of eurozone banks is extremely high," Labray said in his assessment of the financial condition of eurozone banks. He cited three indicators as his basis.
Strong solvency, liquidity and profitability
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