ECB Urges Eurozone Banks to Enhance Resilience Amid Rising Profits

The European Central Bank warns banks not to become complacent and to invest in strengthening their cyber resilience.

Claudia Buch, head of ECB Banking Supervision, stresses the need for banks to use increased profitability to bolster their resilience.
Recent stress tests show banks are generally prepared but need to improve costly cyber resilience measures.
The balance between shareholder dividend expectations and resilience investments is crucial for sustainable growth.
Concerns over foreign bank acquisitions impacting local lending are deemed unfounded by ECB officials.
The ECB, overseeing 113 banks, aims to ensure stability in the Eurozone financial system through unified regulations.