Central Banking

ECB's Tumpel-Gugerell on euro payments area

European Central Bank executive board member Gertrude Tumpel-Gugerell said foreign banks will take the leading role in restructuring the European banking sector if domestic banks move too slowly to create a single eurozone payments area.

"At the moment, European banks are in the driving seat. If they are too slow, global competitors and not European banks themselves will bring about consolidation and restructuring in Europe's banking sector," she said in an article in the Financial Times.

She s

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: