4 President’s Working Group on Financial Markets, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, Report on Stablecoins (Washington: President’s Working Group on Financial Markets, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, November 2021), https://home.treasury.gov/system/files/136/StableCoinReport_Nov1_508.pdf.
Greek banking groups’ capital adequacy ratio, which stood at 11.2% at end-2007, continues to provide satisfactory leeway for ensuring the stability of the banking system. Greek banks had very little exposure to instruments associated with the US subprime mortgage market and this largely explains the fact that the impact from the international turbulence was limited and indirect.