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ECB's Nouy: Rouble fall should not have significant impact on European banks
December 17, 2014 / 7:42 AM / 3 years ago

ECB's Nouy: Rouble fall should not have significant impact on European banks

PARIS (Reuters) - The head of the European Central Bank’s supervisory board said on Wednesday that a steep fall in the Russian rouble should not create difficulties for European banks as they have limited exposure to Russian companies.

Daniele Nouy, chair of the Supervisory Board of the European Central Bank, speaks at a Thomson Reuters newsmaker event at Canary Wharf in London November 28, 2014. REUTERS/Neil Hall

“We think that markets will be nervous for a few days and perhaps a few weeks, so supervisors are attentive to what is happening,” Danielle Nouy told France Inter radio. “But we think that European banks’ exposure to Russian companies (...) is of a dimension that there is no reason to fear disorder or difficulties.”

Reporting By Nicholas Vinocur; Editing by Susan Fenton

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