ECB's Mersch calls for 'true banking union' to unblock policy transmission channel


Yves Mersch, the former Luxembourg central bank governor who now sits on the executive board of the European Central Bank (ECB), said this week that numerous stumbling blocks need to be cleared for the ECB's new role as banking supervisor to ultimately ease the burden on monetary policy.

Mersch said that the success of monetary policy rests on integrated financial markets that operate efficiently and smoothly. He said a mistake made in the architecture for European economic and monetary union

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:

You are currently unable to copy this content. Please contact [email protected] to find out more.

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: