IMF’s Lipton urges eurozone to speed up banking union
First deputy managing director says capital market regulation is needed
The first deputy managing director of the International Monetary Fund has said it is a good time for Europe to complete banking union and further harmonise national regulation.
“I know this advice seems to fly in the face of recent political winds,” David Lipton said on November 14, “but… support for the euro is at the highest level in more than a decade.”
Lipton acknowledged the Single Supervisory Mechanism had been a “major step” in ensuring uniform standards across the eurozone, but there
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