Finnish deputy stresses support for SSM within ECB

hakkarainen

Finnish central bank deputy governor Pentti Hakkarainen has set out his arguments in favour of European banking union – saying the lack of co-ordination between central banks and supervisors in the recent financial crisis is one of the biggest lessons the EU needs to learn.

Hakkarainen said that while it is "certainly very important to develop the new macroprudential instruments and policies", he feels it is "even more important… that major trends and risks in the financial sector or the

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