The European Central Bank’s recent monetary policy actions have reduced risks in the eurozone’s banking system but strong vigilance is still needed, Greek central bank governor Yannis Stournaras said on Sunday.
“Today we witness a containment of systemic stress,” Stournaras, who is also a member of the ECB’s Governing Council, told a conference in Athens, Greece . “However, this should not make us complacent.”
Stournaras said the search for yield in a very low interest rate environment, persistent pressure on bank profitability and new worries about the sustainability of sovereign debt burdens were a major concern.
(source: euractiv)
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