ECB's Angeloni defines 'level playing field' for banks
Supervisory board member considers how playing field could become unbalanced
Establishing a level playing field for banks across borders is the "novel challenge" for the eurozone's Single Supervisory Mechanism, Ignazio Angeloni, a member of the European Central Bank's supervisory board, said at a conference at the London School of Economics yesterday.
"A basic criterion for defining the level playing field in our context [should] be identified as a condition in which banks transmit, at the margin, the same amount of risk to taxpayers, regardless of the jurisdiction they
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