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Pribil: „ECB Must Not Become Safe Haven for Zombie Banks”

Published: August 31, 2012; 10:29 · (Vindobona)

At the European Forum Alpbach, the Director of the Austrian Financial Market Authority (FMA) Kurt Pribil stresses the importance of a centralized banking supervision authority.

Pribil: „ECB Must Not Become Safe Haven for Zombie Banks” / Picture: © Vindobona.org

On the occasion of the Alpbach Financial Market Market Symposium 2012, the future of the banking supervision was discussed. FMA´s Director Pribil explained that a decoupling of the financial sector and the real economy was observed in the last decades. This caused a remarkable acceleration of innovations in the banking industry. The supervision of the banking industry became more…

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