August 27, 2023 22:10
Andrea Enrea is the chair of the ECB’s supervisory board until the end of the year
Thierry Monas / Getty Images
Unprecedented meetings, meetings off the agenda: this is how the ECB crisis triggered by the downfall of the regional US banks and the intervention at Credit Suisse happened
August 27, 2023 22:10
Those were tense days at the beginning of March. And from the United States of America came indications that things are not going well. Silvergate Capital and Silicon Valley Bank were among the banks whose collapse alarmed the rest of the world. And in financial Europe, where Russia’s invasion of Ukraine remains the focus, developments in North America are beginning to scare. Evidence of this is the unprecedented scale of meetings and meetings at the highest level, which took place not only in March, but also in the following two months.
This was the period when intervention in Credit Suisse joined the agenda and concerns heightened, as evidenced by the agendas for meetings of those responsible for European supervision, published by the ECB – always for three months. of notification. delay.
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