European Parliament agrees on ECB supervision of Eurozone banks. More agreement needed before European banking union can be implemented.
At an informal hearing of a key EU Parliament committee, Ireland's central bank chief Philip Lane has received the strongest backing from lawmakers in his bid to become the ECB's No. 2, beating a rival from Spain.
Leaders in Brussels hailed the deal on a new German coalition government as good news for Europe. Martin Schulz, formerly president of the European Parliament, said Berlin would "return to an active and leading" EU role.
Italy has said the European Central Bank’s approach to reducing non-performing loans in the EU is problematic. The country's banks have the most bad loans in the bloc and Rome wants a slow reduction.
Eurozone banking supervisor Daniele Nouy is worried about high levels of non-performing loans (NPLs) on eurozone banks' balance sheets. Guidelines on how banks should deal with their NPL burdens are in development.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version