Calls for an EU banking regulator gather steam
NEWS
In a recent paper entitled: Is Europe ready for a major banking crisis?, research fellow Nicolas Véron at Brussels-based think tank Bruegel suggests the current regulatory and supervisory environment is not prepared to deal with the failure of a major cross-border bank. He argues for a new EU agency to be created to deal specifically with crisis management in the pan-European banking market.
"The proposal is to create an institution at EU level that would be able to supervise a limited number of
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