Spain's Caruana on banking supervision in Europe

In the speech 'The future of banking supervision in Europe' given on 28 October Jaime Caruana of the Banco de Espaa said more efficient supervision is a necessary - although not sufficient - condition for a more integrated market.

"We undoubtedly need a greater degree of co-ordination between supervisors than hitherto, and we need greater consistency in supervisory practices. As I said, we need a framework that rationalises the compliance burden and streamlines the interaction between supervisory

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