MILAN, 14 MAR – The rating agency SP Global sees “limited risks of contagion” for European banks from the failure of Silicon Valley Bank. “It is unlikely” that institutions from the Old Continent have “significant direct exposures” to Svb while “we don’t see any European bank among those we evaluated that has the same funding and business profile” as the Californian institution. However, SP acknowledges that the bankruptcy “has shaken confidence” and that a tightening of collection conditions “could highlight financial fragility and require careful and pragmatic management by the authorities”. (HANDLE).
(ANSA)
