![]() This one of the lowest levels since the ECB started supervising them in 2014 but still well above requirements, the ECB said in the report.Įnria is due to appear before the European Parliament at 1330 GMT on Tuesday and may give updated figures about the health of the euro zone's banking system. Large euro zone banks had a leverage ratio - a broad gauge of their solidity in which capital is measured as a percentage of total assets - of 5.2% on average as of September 2022, the report showed. "They should also carefully monitor risks arising from hedging derivatives."Ĭredit Suisse also suffered massive deposit outflows, especially from its international business, after a string of scandals. "(Banks) should adopt sound and prudent asset and liability management modelling practices in order to capture shifts in consumer preferences and behaviour when interest rate regimes change," Enria said. This was a major problem at SVB, which had invested customer deposits without hedging itself against the risk of rising rates, ultimately suffering a bank run. The global financial system is on tenterhooks after two large banks - Silicon Valley Bank of the United States and Switzerland's Credit Suisse (CSGN.S) - ran out of cash, albeit for different reasons.Įnria's report warns banks about a likely hit to their net worth as borrowing costs rise. "There is a risk that banks might be caught off guard," he warned. "Increasing interest rates and quantitative tightening require banks to sharpen their focus on liquidity and funding risks," said Enria, in remarks the ECB said were drafted in February, before recent turmoil in the global banking system. Introducing the ECB's annual report on banking supervision, Enria said euro zone banks were solid but warned that a sharp rise in borrowing costs over the past year meant lenders could no longer rely on cheap funding and rising financial markets. After this, you enter your details and you are scheduled for an iPhone repair at one of our locations.FRANKFURT, March 21 (Reuters) - Euro zone banks should watch their sources of funding or they risk being "caught off guard" by rising interest rates, the European Central Bank's top banking supervisor Andrea Enria said on Tuesday. Choose your type of Apple iPhone, the repair or repairs you want to perform and select a suitable date. You can schedule an appointment for an iPhone or iPhone plus repair via our website. Click here for more information about our mail-in service. You send your iPhone to us, at your expense, after which our specialists repair your device and then return it to you at our expense. For a screen repair or battery replacement, you can choose between an original part or a compatible part. Read here for more information about this service and see if you are in our service area.Īre you not in our service area? Then choose our mail-in service. Step into one of our stores in Amsterdam, Utrecht, Haarlem, Alkmaar, The Hague, or one of our other locations.Īre you too busy to visit a ThePhoneLab store for an iPhone repair? That can happen of course! That is why we have a Pick up & Delivery service in Amsterdam, Haarlem, Utrecht, Alkmaar and The Hague. You can also visit our stores without an appointment. ![]() Click on the map for more information about your preferred location. Curious about where you can have your iPhone repaired? You are always welcome at one of our locations. Other repairs are always performed with compatible parts. A compatible part of ThePhoneLab is of the highest quality, but because it is not from Apple, we offer it for a lower price. An original screen or battery is identical to the part with which a new iPhone is delivered. We deliver the best iPhone repairs for the best price! Original partsīecause we are an authorized Apple service provider, you have the choice between an original part from Apple and a compatible part from ThePhoneLab for screen and battery repairs. It is clear that we are a professional company, but you do not have to pay the main price for this. Our repair specialists are professional, work quickly and thoroughly check your iPhone. Our customers often think that an iPhone repair will take a long time, but this is never the case with ThePhoneLab. With this we cover all possible issues that were not caused by human intervention. We offer a 6-month warranty on all our iPhone repairs.
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