ECB to raise scrutiny of banks' credit risk, funding in 2023 as recession looms | Economic Times

ECB to raise scrutiny of banks' credit risk, funding in 2023 as recession looms https://ift.tt/Mwdyt8l 19-country currency bloc is facing the double whammy of sky-high inflation and a sharp economic downturn, largely a fallout of Russia's war in Ukraine, which has forced the ECB to tighten financing conditions even as it exacerbates economic pain.