Elizabeth McCaul on supervision, new macrodynamics and investing in suptech
Former ECB Supervisory Board member speaks about Covid-19 and Credit Suisse shocks, regulation debates, the rise of non-banks and what makes tech projects succeed
Not all jobs turn out as expected. When Elizabeth McCaul took a seat on the European Central Bank’s supervisory board in July 2019, the risks to the banking system were largely in retreat. The ECB’s primary objective at the time was to continue cutting the stock of troubled loans on lenders’ books.
Eight months later came the start of a series of extraordinary crises presenting new threats to banks
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