OUR European Commission monitors the situation after the collapse of the bank Silicon Valley Bankwhich has a very limited presence in European Unionsaid a spokesman for the commission today.

“We note the quick and decisive reaction of the American authorities. At the EU level, the presence of Silicon Valley Bank in the EU is very limited. and we are in contact with the relevant competent authorities,” said the representative of the Commission.

What analysts say

Analysts at Deutsche Bank and Citigroup are also very encouraging in the case of Silicon Valley Bank, telling their clients that the collapse of a US bank does not herald similar problems in European banks, which continue to attract investors in a high interest rate environment. .

Analysts note, among other things, that European banks have diversified their sources of funding, continue to attract and retain depositors, and have stronger capital adequacy than US banks. There is also less liquidity risk in the event of a loss after the sale of securities, Citi analysts say.

^{According to Reuters}