French banks loaded with Italian risk
Six French dealers hold €47 billion of sovereign exposures
The French banking system was the most exposed to Italian government and bank debt among countries, other than Italy, that were featured in the latest European Banking Authority (EBA) stress tests.
The six French banks included in the sample held €47 billion ($53 billion) of Italian sovereign debt as of December 2017. Exposures measured under the standardised approach (SA) made up €22 billion of
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