EU Banks Face Indirect Risks from Middle East Conflict, Agency Warns

Indirect risks from regional conflict pose threat to EU banks, agency warns

European Union banks’ direct exposure to the Middle East remains limited, with risks from the conflict more likely to emerge through indirect channels such as inflation, tighter financial conditions and weaker growth, according to the rating agency DBRS. The agency said that, although exposures to the region are small relative to total assets, the conflict […]