Irish governor hopes SSM can avoid a 'nationalistic backlash'


The governor of the Central Bank of Ireland, Patrick Honohan, has expressed his hope that the shift in banking supervisory responsibility to the Single Supervisory Mechanism (SSM) at the ECB "will not result in divisive clashes between broad European and national interests".

In a speech delivered on Friday examining Ireland's relationship with the European Union, Honohan – who called himself "an enthusiastic supporter of banking union" – highlighted four pitfalls of European banking union, as

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