Every year we look at the challenges banks face and determine what they need to do to cope with them. What did we find in our latest assessment? How are banks faring in these uncertain times?In this episode of The ECB Podcast, our host Katie Ranger explores these questions with Supervisory Board Chair Andrea Enria.The views expressed are those of the speakers and not necessarily those of the European Central Bank.Published on 8 February 2023 and recorded on 31 January 2023.In this episode:How Europe’s banks are faring in these uncertain times and what aspects they still need to work on. What leveraged finance is, why it’s important for banks and why our review looked at this topic for the first time. What the current uncertain situation means for banks, and what the biggest future challenges are for them?Why higher interest rates are a positive thing for banks and how they could benefit them in terms of their profitability.What is the Supervisory Board Chair most proud about achieving during his mandate and what legacy he would like to leave to his successor.Additional materials: Press release: ECB keeps capital requirements steady in 2023, as banks remain resilient, 8 February 2023https://www.bankingsupervision.europa.eu/press/pr/date/2023/html/ssm.pr230208~8971619db2.en.html Aggregate results of SREP 2022, 8 February 2023https://www.bankingsupervision.europa.eu/banking/srep/2023/html/ssm.srep202302_aggregateresults2023.en.html Speech by Andrea Enria, Chair of the Supervisory Board of the ECB, at the press conference on the results of the 2022 SREP cycle, 8 February 2023https://www.bankingsupervision.europa.eu/press/speeches/date/2023/html/ssm.sp230208~4ee762ce05.en.html The ECB Podcast: How healthy are Europe’s banks two years into the pandemic?, 12 February 2022https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod220212_episode28.en.html The ECB Podcast: Making sure banks are run by the right people, 10 February 2021https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod211210_episode24.en.html The ECB Podcast: What lies on the horizon for Europe’s banks?, 16 November 2021https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod211116_episode23.en.htmlBanking Supervision websitewww.bankingsupervision.europa.eu European Central Bank websitewww.ecb.europa.euYou can also listen to The ECB Podcast on SoundCloud, Spotify, Deezer, Stitcher, YouTube, Amazon Music and many more pod.link/ecbpodcast