Euro zone: the banking system is “resilient”, with “solid levels” of liquidity according to the ECB

The banking system in the euro zone is "

" thanks to a solid financial base, assured Monday the European Central Bank, the day after the announcement of the emergency takeover of Credit Suisse by UBS, greeted with skepticism by the markets.

"

," the ECB said in a joint statement with the European Banking Resolution Mechanism (SRB) and the European Banking Authority (EBA) released on Monday.

More information to come...