Nouy says time is right for Europe-wide deposit insurance
Governments should “consider some solidarity”, ECB’s chief supervisor says
The circumstances are right to introduce a European deposit insurance scheme (Edis), Danièle Nouy said today (October 31).
“In my view, we have reduced risks enough for Edis to start,” the head of the European Central Bank’s supervisory mechanism told an audience in Berlin. “Now is the right time to set it up. It’s time to consider some solidarity.”
German policy-makers, including senior Bundesbank officials, have publicly opposed any move to an Edis without further reforms of European banks
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