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Banking Union

Banking Union Completed

The Finance Ministers of the Eurozone have reached a compromise on the last pillar of the banking union. The deposit protection mechanism will come into power in 2015.

December 19, 2013

Banking Union: Bank Resolution as Hot Topic

The Finance Ministers of the Eurogroup countries are discussing the future of the banking union in Brussels today.

December 17, 2013

Banking Union: No Progress

The EU countries could not agree on a common bank resolution mechanism yet. Once more, the pressure on Berlin is growing.

November 16, 2013

CESEE: Chakrabarti Expects Stabilization

In an interview with the Austrian news magazine „Standard“, EBRD´s President Suma Chakrabarti demonstrates cautious optimism. 2013 will be a better year for the CESEE region, he says.

January 14, 2013

Banking Union: Czech Republic Cautious

For the time being, the Czech Republic will not join the single supervising mechanism.

December 15, 2012

Polish Government Considers Joining Banking Union

Today, Poland´s Prime Minister Donald Tusk explained that Poland may become a member in the single supervision mechanism.

December 14, 2012

EU Guarantees Stability of Czech Banking Sector

The Czech Republic will not use its right to veto. In return, the EU guarantees the stability of the Czech financial sector.

December 14, 2012

Banking Supervision to Control Nine Austrian Banks

Austria´s Finance Minister Maria Fekter announces that nine Austrian banking groups will be supervised by the new banking supervision authority.

December 13, 2012

CEE Countries May Join Banking Union

ECB will become the main supervisor for the Eurozone´s banking industry. Non-Eurozone member countries are entitled to opt-in.

December 13, 2012

Czech Finance Minister: „No Reason to Veto Banking Union“

The Czech Minister of Finance Miroslav Kalousek announced that the Czech Republic has no concerns against the banking union in the Eurozone.

December 12, 2012

Czech Republic Still May Use Veto Against Banking Union

The Czech government wants to secure the rights of national regulation authorities.

December 5, 2012

Austrian National Bank: Basel III Will not Start in 2013

According to OeNB, the implementation cannot take place by the beginning of next year.

November 21, 2012

„Banking Union Weakens Central Banks“

The Czech President Vaclav Klaus criticizes that a common banking supervision limits the competencies of national central banks.

October 30, 2012

Tusk: Joining Banking Union Only if it Does not Weaken Poland

The Polish Prime Minister does not exclude to enter the banking union. However, this measure must not weaken Poland´s position.

October 22, 2012

Austrian Finance Minister and Foreign Minister Support Banking Union

Vice-Chancellor Michael Spindelegger and Finance Minister Maria Fekter meet with EU Commissioner Michel Barnier.

October 22, 2012

Poland Favors Banking Union, Czech Republic is Skeptical

The governor of the Polish National Bank Marek Belka calls for joining the banking union. The Czech Republic may use the right to give a veto.

October 20, 2012

Orban Rejects Joining Eurozone

The Hungarian Prime Minister Viktor Orban thinks that the introduction of the euro in Hungary would be “irresponsible”.

October 10, 2012

Fekter Rejects Deposit Protection in EU

At the Alpbach Financial Symposium, Austria´s Minister of Finance Maria Fekter underlined to reject the European deposit protection.

October 4, 2012

Banking Supervision: Nowotny Warns of Over-Ambition

According to the governor of OeNB (Austrian Central Bank), it would be dangerous to establish new institutions without a democratic legitimization.

September 18, 2012

Klaus: Czechs Against Banking Union

The Czech President notes that the Czech Republic cannot achieve anything without a recovery of the European economy. However, it would be advantageous to stay outside the Eurozone.

September 18, 2012

Implementation of Banking Union to be Postponed

Initially, the Commission of the EU intended to introduce the banking union in 2013. After the fierce resistance of some member states, the Commission gives up its plans for the time being.

September 17, 2012

Poland Rejects Joining Banking Union

According to Poland´s Minister of Finance, a common supervision for banks is “not interesting”.

September 17, 2012

Austrian Banks View Savers Protection to be Endangered

The planned unification of the deposit protection is met with skepticism at Austrian banks. As the details are not clear yet, the deposit protection is yet no issue anyway.

September 15, 2012

Banking Union: Austrian FMA Wants to Integrate Eastern European Countries

According to the board of Austria´s Financial Market Authority, not only the banks of the Eurozone should be supervised.

September 13, 2012

Nowotny: Not Overcharging ECB

Ewald Nowotny, governor of Austrian Central Bank (OeNB) argues that ECB should not control all banks.

September 13, 2012

Banking Union: Poland Demonstrates Skepticism

Yesterday, the EU-Commission has made proposals regarding the banking union. The decision making process for non-Eurozone members would be unclear.

September 13, 2012
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