A European deposit insurance scheme, or Edis, would not lead to “unwarranted cross-subsidisation” of some countries’ banking systems, according to a detailed article published today (June 9) by the European Central Bank (ECB).
The Edis plan, published in November 2015 by the European Commission (EC), envisaged building the scheme up by stages, the article notes. Senior figures at both the ECB and the EC have consistently argued for the creation of an Edis.
But Jens Weidmann, president of the G
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