Incoming BoE deputy Shafik says SSM makes working with ECB more important than ever

Minouche Shafik
Department for International Development

Minouche Shafik, the incoming deputy governor for markets and banking at the Bank of England (BoE), has praised the steps taken so far by EU officials to establish a banking union, but said it was too early to tell whether the "huge project" would ultimately be a success.

Shafik, who officially takes up her post at the BoE on August 1 – but in fact started working with them on Monday this week – said during a parliamentary hearing today that having to deal with "one major supervisor simplifies

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