CEBS Statement on the Current Crisis Situation

24 September 2008

CEBS has established a Task Force to assess the US authorities’ proposals, made on 18 September, focusing on the possible consequences they may have for EU supervised entities.

In a statement on the current crisis situation, CEBS stated that banks’ exposures to Lehman Brothers are manageable and mostly non-material, compared to the banks’ total assets and capital base. With respect to EU banks’ exposures on AIG, and given the US government support provided to AIG, EU bank supervisors view that this counterparty risk can be sufficiently mitigated for the moment.

 

CEBS has established a Task Force to assess the US authorities’ proposals, made on 18 September, focusing on the possible consequences they may have for EU supervised entities.

 

Full statement

© CEBS - Committee of European Banking Supervisors