The International Monetary Fund has published a staff discussion note concerning the proposed banking union, together with accompanying technical notes: see, respectively, here (pdf) and here (pdf). It is stated, amongst other things, that the European Council's agreement on the single supervisory mechanism in December was an important step but raises challenges that should not be underestimated.
Wednesday, 20 February 2013
Europe: IMF discussion note on the banking union
The International Monetary Fund has published a staff discussion note concerning the proposed banking union, together with accompanying technical notes: see, respectively, here (pdf) and here (pdf). It is stated, amongst other things, that the European Council's agreement on the single supervisory mechanism in December was an important step but raises challenges that should not be underestimated.
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