ECB's Cœuré argues integrating SSM in ECB has benefits for monetary policy

benoit-coeure

Benoit Cœuré, a member of the European Central Bank's (ECB) executive board, yesterday outlined his view of the benefits and risks of integrating banking supervision into the ECB – concluding that integration will contribute to the integrity of the euro area and the completion of Emu, and also benefit the conduct of monetary policy in the eurozone.

Cœuré isolated four areas in particular where integrating the Single Supervisory Mechanism in the ECB could "create some new opportunities for the

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