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Bank Union: Austrian Banking Industry Cautious
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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…
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