ECB President Calls for Central Resolution of EU Banks

The criticism of Spain’s handling of the Bankia crisis has prompted a call from Mario Draghi, president of the European Central Bank, that banks which present a risk to the Eurozone financial system should be supervised and resolved by a central authority, rather than by national regulators, the European Banking Authority being an obvious candidate for the role.

There does not seem to be great support for this proposal as of yet, but it will be interesting to see how this conversation develops.

The article is available here:

(subscription required)


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s