No risk-free activities for banks, says ECB's Nouy

(AGI) Rome, July 11 - There are no activities without risk forbanks, said Daniele Nouy, president of the Supervisory Councilat the European Central Bank. "We thought that sovereign debtexposure was a risk-free activity. We now know that this is nottrue, given that banks have had to cover certain exposures tosovereign debt during the crisis. We now know that there are norisk-free activities," Nouy told a press conference. . .

(AGI) Rome, July 11 - There are no activities without risk forbanks, said Daniele Nouy, president of the Supervisory Councilat the European Central Bank. "We thought that sovereign debtexposure was a risk-free activity. We now know that this is nottrue, given that banks have had to cover certain exposures tosovereign debt during the crisis. We now know that there are norisk-free activities," Nouy told a press conference. . .