Banking union needs political courage – senior ECB supervisor

Ignazio Angeloni, copyright ECB
ECB

The European Union’s politicians should pass the laws necessary to implement major parts of the bloc’s banking union, Ignazio Angeloni said on November 22.

“The banking union at present consists of perhaps one pillar and-a-half out of the three that were initially foreseen,” the European Central Bank supervisory board member told an audience in Frankfurt. The EU’s Bank Recovery and Resolution Directive had given supervisors “a framework to deal with failing banks,” he said.

“The Single

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: