MADRID (Reuters) – The head of supervision at the Bank of Spain said it was too early to measure the impact from the new U.S. tarrifs but said European supervisors were continuously monitoring the situation and had not found any impact for now on European lenders’ liquidity.
“There is maximum uncertainty, vigilance on the part of all supervisors, not only of the Bank of Spain but also of the SSM, and we are continuously monitoring potential impact the various tariffs could have on the global financial system,” Mercedes Olano told a news briefing, adding she had not identified any liquidity problems in the short to medium term.
Three sources told Reuters that the European Central Bank has increased its monitoring of the euro zone banks and bond markets amid a trade war-driven rout in global stocks, but has found no reason for alarm yet.
(This story has been refiled to fix the spelling of ‘liquidity’ in the headline)
(Reporting by Jesus Aguado, editing by Andrei Khalip)
