Finland board member discusses banking union challenges

bank-of-finland

A member of the board of the Bank of Finland, Seppo Honkapohja, on September 24 said a European Banking Union would help separate sovereign debt concerns from banking problems, but outlined numerous stumbling blocks.

Speaking at a German-Finnish chamber of commerce meeting in Lübeck, Germany, Honkapohja said banking union has three necessary parts: supervision, resolution and deposit insurance. He said the Federal Deposit Insurance Corporation is a "very good" example of how to achieve these

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