European banking union insufficient to withstand next crisis – Portuguese governor
The post-crisis efforts to stabilise the European banking sector remain insufficient to deal with the next crisis, Carlos da Silva Costa, the governor of Bank of Portugal, said in a speech on June 30.
Although the Eurosystem now has the Single Supervisory Mechanism (SSM) and the Single Resolution Mechanism (SRM), it still lacks a common deposit insurance scheme.
“However, as the first two pillars of banking union were put in place, the political will to build the third pillar… waned as
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Macro-prudential
