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The Vienna Initiative – Moving to the New Phase „Vienna Plus“
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The Vienna Initiative’s stakeholders decided to transform the Initiative so that it plays an important role in helping with crisis prevention, while remaining available to deal with any aftershocks from the global crisis.
The Vienna Initiative – Moving to the New Phase „Vienna Plus“ / Picture: © Vindobona.org
The European Bank Coordination “Vienna” Initiative (EBCI) was launched at the height of the financial crisis to provide a framework for coordinating the crisis management and crisis resolution of financial sector issues that were highlighted by the economic downturn and involved large cross‑border bank groups systemically important in the emerging Europe region.
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