Buba's Meister on European financial supervision

In the speech 'European Financial Supervision: next steps' given on 29 March Edgar Meister of the Deutsche Bundesbank said each crisis is different and therefore calls for flexibility in action.

"What is at stake is safeguarding the stability and efficiency of a financial system and, in some cases, also the use of taxpayers' money. The existing agreements take account of these factors. More extensive initiatives, going as far as to prescribe courses of action or even automatic mechanisms in the

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