FRANKFURT, Nov 16 (Reuters) – European banks may suffer significant losses if they need to sell their bond holdings to raise cash, the European Central Bank’s President Christine Lagarde said on Thursday.
“EU banks’ holdings of fixed income securities could be marked down quite significantly, should they need to be sold,” she told the annual conference of the European Systemic Risk Board, which she chairs.
Reporting by Francesco Canepa; editing by Jason Neely
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