EU Banking Union. Do it right, not hastily!

Banking Union – comprising a single rule book, supra-national supervision, a pan-European resolution regime and fund, and more harmonised deposit guarantee schemes – would help to preserve the single market for financial services, which shows signs of fragmentation, and to provide greater stability to the European Monetary Union. This ambitious project, which is designed to create a stable, trust-inspiring framework for Europe’s financial markets, cannot – and should not – be rushed. It is more important to (finally) get it right than to deliver quick results.

• Primary Source

ESO: Background information: Euro blueprint maps way to banking union http://www.europeansources.info/record/euro-blueprint-maps-way-to-banking-union/

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