London CNN —Europe’s banks are not yet in the clear, a top EU regulator said Monday, two weeks after the collapse of Silicon Valley Bank in the United States unleashed turmoil in the global banking sector. José Manuel Campa, the head of the European Banking Authority (EBA), told a German newspaper that European lenders remained vulnerable following the demise of SVB and the subsequent emergency rescue of Credit Suisse by UBS. The regulator is currently finalizing a study of the effects of interest rate risks on European banks, which it started working on in the fall. “The investigation is not yet concluded, but I can say already today that we don’t expect to find major institutions with significant solvency risks arising from unrealized losses,” Campa said. Meanwhile, years of mismanagement and scandal at Credit Suisse left it particularly exposed to a broad sense of unease about banks.

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