Ukrainian crisis: banks forced to go to the front

Posted 23 Feb. 2022 at 17:44Updated Feb 23. 2022 at 19:06

First rampart before a military escalation in Ukraine, the banks are on the bridge to trigger the salvo of asset freezes recorded in recent hours by Washington , Brussels , London and Ottawa.

“Banks will need to ensure that these sanctions are applied correctly to all counterparties with whom they do business. This is key for supervisors”, warned this month Andrea Enria, the president of the European banking supervisor housed within the European Central Bank (ECB).