Geopolitical stress has not yet impacted eurozone banks' balance sheets, ECB official says

Geopolitical tensions have not yet affected the financial health of banks across the eurozone, according to the chair of the European Central Bank's supervisory board. The assessment comes as European financial institutions face potential exposure to various international conflicts and economic uncertainties. The European Central Bank's supervisory board oversees banking regulation and monitors financial stability across the 19 countries that use the euro currency, making regular assessments of how external pressures might affect the banking sector's overall health.