Senior ECB figure calls for risk-based deposit insurance
Hakkarainen says EU countries should rethink opposition to cross-border scheme
The creation of a cross-border bank deposit insurance scheme in the European Union would not lead to stronger national banking systems subsidising weaker ones, a senior regulator argued in a speech in Brussels on April 11.
Countries opposing moves towards a European deposit insurance scheme, or EDIS, should rethink their beliefs, said Pentti Hakkarainen, a member of the European Central Bank’s (ECB) supervisory board.
“A few member states” of the EU oppose moves towards an EDIS due to fears
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