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Banking Supervision: Fekter Calls for Flexibility

Published: December 4, 2012; 21:52 · (Vindobona)

Today, the meeting of the Finance Ministers of EU countries was unsuccessful. Austria´s Finance Minister Maria Fekter comments that quality is more important than speed.

Banking Supervision: Fekter Calls for Flexibility / Picture: © ÖVP Bundespartei / Jacob Glaser

“Quality is more important than speed. “Austrian Finance Minister said. By contrast, most of her counterparts want to implement the banking supervision as soon as possible. The Council of the Finance Ministers will be continued next week.

Above all, it is still unclear whether all banks in the EU will be supervised by the new authority. Moreover, the areas of responsibility…

This article includes a total of 228 words.

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