Banking Union
Carney lectures Scots on dangers of monetary union without fiscal union
Bank of England governor tells Edinburgh audience that successful currency union would need banking union, and would risk moral hazard without fiscal union
Risk discrimination 'essential', argues Bank of Spain deputy
Fernando Restoy rebuffs 'excessively simplistic approaches that prevent capital requirements being adapted to each bank's business model'
Dombret says 'ultra-loose' monetary policy won't fix 'lacklustre' investment
Andreas Dombret says financial and structural reforms are necessary to incentivise private sector investment; banking union will not solve the economic crisis in the eurozone
Jörg Asmussen quits the ECB to return to politics
Executive board member leaves the bank after two years to become deputy labour secretary in new German government; Buba's Sabine Lautenschlaeger an early favourite to replace him
EU bail-in to start two years early after Parliament and Council reach agreement
Bail-in rules, expected only from January 2018, will now enter force in January 2016; public bail-outs remain on the table as a last resort
ECB's Cœuré says euro members 'not strong enough to survive on their own'
Executive board member urges return to 'original vision'; says banking union 'not achieved by mutualising risks' and calls for increased German consumption
OECD’s White says ECB supervision is back to front
William White says ECB should be managing the current crisis rather than trying to prevent the next one; warns that the global economy remains vulnerable, partly because of central bank actions
Banking union 'necessary but not sufficient' to fix EU lending, says EBA head
Andrea Enria says banking union is a 'game changer' but cannot fix lending across the single market on its own
OECD’s William White fears global economic system is still highly unstable
William White tells Christopher Jeffery he is wary of placing too much reliance on the ‘science’ of monetary or regulatory policy. He also believes the world economic system is still out of balance
Bank of Spain deputy on what banking union will mean for national lenders
Spanish banking system will not face more complex challenges than those posed in other jurisdictions, says Fernando Restroy; capital levels for sector as a whole will be above 10% by year's end
ECB’s Asmussen urges Denmark and Sweden to sit at banking union table
Jörg Asmussen says the single supervisory mechanism will be the envy of those outside the eurozone; tells Denmark and Sweden they will get more of a say if they have ‘a chair at the table’ now
European Council approves ECB's single supervisory mechanism
The SSM is a precondition for enabling the European Stability Mechanism to be able to directly recapitalise banks - breaking ‘the vicious circle' between banks and sovereigns, Council says
BBA chair says European deposit guarantee scheme raises concerns about moral hazard
Nigel Wicks says single resolution mechanism ‘immensely complicated' and in need of treaty change while European deposit protection raises moral hazard issues; argues healthy eurozone is in UK's interest to maintain financial sector's 'critical mass'
Robert Pringle’s Viewpoint: ECB needs to play ‘chicken’ to force reform of Europe’s banks
The ECB won a game of brinkmanship with governments to secure the establishment of the bail-out fund. It needs to use the same tactic with three clear elements to force through bank reform
ECB appoints Oliver Wyman to conduct ‘comprehensive' eurozone bank review
European Central Bank appoints the same consultancy firm as conducted Spain's banking stress tests and is doing the same for Slovenia; more details of the comprehensive review to follow soon
Finance ministers set to tackle bank resolution at Ecofin conference
Key policy-makers will gather in Lithuania Friday and Saturday to discuss European Commission's controversial proposal on resolution mechanism for failing banks
ECB reaches agreement with European Parliament over SSM minutes
European Central Bank will be required to submit a 'comprehensive and meaningful record of proceedings' of supervisory board meetings to the European Parliament - but not minutes in their entirety
Bank of Italy's Visco calls for full-fledged political union
Beyond banking union, the scope of a common eurozone budget - as well as the timeframe for its implementation - must be defined, says governor of Europe's fourth-largest economy
G-20 leaders vow co-operation to avoid monetary policy spillover
St Petersburg summit sees IMF concede advanced economies are now the major engines of global growth; European banking union is a top priority in the G-20's joint ‘action plan'
ECB's Mersch calls for clearer separation of powers in bank resolution framework
European Central Bank executive board member believes current agreement in Europe on a resolution framework - 'decentralisation plus discretion' - is 'the wrong combination'
Bank of Lithuania’s Vitas Vasiliauskas on Europe’s push to banking union
As Lithuania takes on the presidency of the European Union, Bank of Lithuania governor Vitas Vasiliauskas speaks with Daniel Hinge about the efforts to end the euro crisis
ECB's Constâncio welcomes SRM authority with no national veto
European Central Bank vice-president tells Singapore audience that banking union and European financial stability have important implications for the world economy
ECB's Cœuré welcomes commission proposal on Single Resolution Mechanism
Speaking in Paris, Cœuré says ‘strong central authority' needed as fundamental complement to the SSM
European Commission releases 'radical' proposal to appoint itself resolution arbiter
Single Resolution Mechanism proposal would see the European Commission retain control over whether banks are resolved; argues this would be legal under current treaties, though doubts persist