EURO area banks using the EU single currency are still facing higher than average risks from defaults and business collapses, but the increasingly sophisticated methods being used by their executives to manage exposure to risk is standing them in good stead for the future, the European Central Bank has said.

In a paper 'Recent Developments and Risks in the Euro area Banking Sector,' the ECB says that despite the "improved longer-term outlook in market-based measures of banking stability, bank balance sheet measures may continue to ...

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