Finland deputy: Banking union may 'exacerbate conflict' for national supervisors
Project off to a 'flying start' but reducing partisanship will take time
European banking union is envisaged to lessen over time the role that national interest plays in the supervision of banks but, in the short term, might exacerbate the conflict faced by national supervisors in their traditional dual role of promoting financial stability and the interests of the national financial industry, Bank of Finland deputy governor Pentti Hakkarainen said in a speech in Stockholm yesterday.
Hakkarainen said banking union had got off to a "flying start" and that it was "fair
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