Too big to fail?

Europe's banks are soaking up more and more sovereign debt.

Europe's banks are soaking up more and more sovereign debt, reports the Financial Times. According to the European Central Bank, government debt as a percentage of assets at eurozone banks has risen to 5.8% from 4.3% in January 2012. Most of the increases are in holdings of banks' domestic government debt. As Eva Olsson, director of credit strategy at Mitsubishi UFJ Securities, told the Times, this means increasing numbers of lenders might have become "too big to fail."

About the Author

Yan Barcelo

Yan Barcelo is a journalist in Montreal.

comments powered by Disqus


Chartered Professional Accountants of Canada (CPA Canada) annually offers its views on priorities for the federal budget. Review past submissions of pre-budget briefs and consultations, and post-budget release opinions and commentary.

Our Firm Directory allows you to search for Canadian CPA firms using our interactive map as well as other criteria.

Jointly presented by CPA Canada and CPA Ontario, The ONE is the must-attend, multi-track event of the year, designed for all CPAs who want to be at the top of their game.