May 31, 2023 (NO COMMENTS)

Following the crisis at US regional banks, the European Union’s biggest banking regulator has asked for more data to uncover potential unrealised losses in its own jurisdiction. This data-collection exercise has been added to the European Banking Authority’s 2023 stress-testing process, according to six sources with knowledge of the request. “They have asked for data on holdings in hedge accounting relationships to gauge if there are potential hidden losses in the banks,” says a senior treasury