ECB’s head of financial stability says SSM is not enough

Ignazio Angeloni

Establishing a single supervisory mechanism (SSM) in Europe will tackle a range of threats, but it will not be enough to restore stability on its own, according to Ignazio Angeloni, director-general for financial stability at the European Central Bank (ECB).

Writing for the next edition of Central Banking journal, Angeloni says conditions in eurozone financial markets have improved substantially since 2012, a change reflected in yields on Spanish and Italian sovereign debt, which have fallen by

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