Article Tools

Bank Union: Austrian Banking Industry Cautious

Published: September 1, 2012; 16:11 · (Vindobona)

European Forum Alpbach: In mid-September, the EU Commission will present its plans regarding the bank union. The bank union should not be implemented too fast, the Austrian Financial Market Authority says.

Bank Union: Austrian Banking Industry Cautious / Picture: © Vindobona.org

In order to continue “the stabilization of the euro”, the EU-Commission wants a bank union. This bank union should contain a bank liquidation funds, a bank supervision authority and a deposit protection funds.

At the European Forum Alpbach, Bank Austria´s CEO Willibald Cernko explained that this package of measures should be developed gradually in the next…

This article includes a total of 444 words.

or Log In

Fast News Search
Related News
Austrian Government and National Bank Against Return to Shillling (September 1, 2012)
Nowotny: Austrian Banking Sector “More Boring, but More Stable” (August 31, 2012)
Pribil: „ECB Must Not Become Safe Haven for Zombie Banks” (August 31, 2012)
Goldman Sachs Lowers Expectations for Austrian Banks (August 27, 2012)
Fekter Does Not Exclude Further Bank Aids Anymore (August 23, 2012)
Read More
EU European Union, FMA Financial Market Authority, Helmut Ettl, Kurt Pribil, Willibald Cernko, Bank Austria, Michael Ikrath, Banking Industry, European Forum Alpbach, Events, Lending, Public Debt, Budget Deficit, Capital Markets
Featured
Updated Directory of Foreign Ambassadors in Austria 2019
List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter