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EU banks face liquidity checks next year after 2023 crises (www.reuters.com)

submitted 1 year ago by [email protected] to c/[email protected]

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cross-posted from: https://lemmy.zip/post/999121

Archived version: https://archive.ph/0GtrZ
Archived version: https://web.archive.org/web/20230803104554/https://www.reuters.com/markets/europe/eu-banks-face-liquidity-checks-next-year-after-2023-crises-2023-08-03/

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[–] [email protected] 2 points 1 year ago

Banking sector regulations require financial reserves that can be used to cover emergencies.

The EU revised the rules recently that meant banks could count the cost of its software as part of its cash reserves, increasing them by € billions each year.

You try and sell your copy of windows 10 and Norton anti virus to make ends meet.