ECB sets out principles for designing backstop to single deposit guarantee scheme
Principles should reduce chances of moral hazard, ECB says
The European Central Bank (ECB) has renewed its calls for eurozone member states to implement a European Deposit Insurance Scheme (Edis), and set out the case for a shared backstop.
It said eurozone states needed to create an Edis on the lines proposed by the European Commission in November. The ECB made the call in its latest report on European financial integration.
Edis was "the necessary third pillar of the banking union", it said. There was a "mismatch between European control and national
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