Suit by day
(management consultant to financial institutions, advising on capital markets related projects).
Bitcoin Maxi under the hood.
📍Heart of Europe
Wish this would get more attention from the broader media:
In a recent report, the ECB's banking supervisory authority deems some European financial institutions inadequately prepared for a potential financial crisis.
The biggest weaknesses are apparently in risk management (poor loan loss provisions and ample liquid reserves), as well as weak IT infrastructure.
This doesn't come as a surprise, as we all know this house is built on sand. The ECB and governments will and must bail out banks when shit hits the fan, and citizens will foot the bill.
Prepare accordingly and share with family and friends.