Infotech

War in Ukraine and raw materials: when banks play firefighters



Posted Apr 14, 2022, 4:59 PMUpdated on Apr 14, 2022 at 5:01 PM

Caution at all times. Due to the war in Ukraine and the spectacular volatility observed in commodity prices, investment banking clients risk financial missteps at any time. Establishments are therefore ready to play firefighters. Their intervention, last month, thus made it possible to avoid cascading problems. “It recalls the beginnings of the Covid with very strong activity, it is an intense moment”, underlines a manager within a large French bank.

“It is obvious that in market circumstances such as these, there can be accidents and therefore increased vigilance and caution are required”, recently explained a source close to the High Council for Financial Stability (HCSF), the watchdog responsible for preventing financial crises, where the Minister of the Economy and the Governor of the Banque de France sit.

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