European Central Bank Vice President warns of market turmoil risks and calls for vigilance against the spread of crises.

European Central Bank Vice President Luis de Guindos stated that it is necessary to closely monitor the volatile financial markets to prevent the risk of a sharp decline running out of control. On Monday, he addressed members of the European Parliament in Brussels, saying that although the Eurozone banking system still has resilience, officials cannot be complacent. Guindos noted that recent trade policy uncertainties have caused the most serious financial market turmoil since the pandemic began, and these developments need to be closely monitored. If there is a sharp adjustment in the financial markets, especially as the size and influence of non-banking financial institutions continue to grow, it could escalate into a disorderly situation.