ECB’s Machado renews push for deposit insurance scheme
Breakthrough in resolution framework paves way for more integration, supervisory board member says
A member of the European Central Bank’s supervisory board has called for policy-makers to accelerate efforts to introduce a deposit insurance scheme for the eurozone.
In an interview published by the ECB on August 13, Pedro Machado, the bank’s newest supervisory board member, said progress on the European deposit insurance scheme (Edis) had been “stuck for years”.
Supporters of Edis, which was first proposed in 2015, see it as crucial to a more integrated financial system that would boost European
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