
German Chancellor Angela Merkel said last night that she would discuss the need for a European body to monitor major banks in talks with EU Commission President Jose Manuel Barroso. European institutions needed more powers otherwise monetary union would not function, the Chancellor said in a short statement in Berlin before the discussions with Barroso. \"We will ... be talking about to what extent we need to put systemic banks under a specific European supervisory authority,\" she said. This was a medium term goal, she added. \"The world wants to know how we conceive the political union that will accompany monetary union, and we have to provide an answer to this question in the foreseeable future,\" she said. Barroso called for a structured approach in the debate, which could include a \"banking union\". \"Some elements of this banking union would be more integrated financial supervision and also more integrated deposit guarantees. It is important to have this long-term vision about more Europe,\" he said. The pair were meeting to prepare an EU summit at the end of June.
GMT 05:55 2018 Tuesday ,23 January
US tax reforms send UBS profits plungingGMT 13:12 2018 Sunday ,21 January
CBB signs memorandum of understanding with DFSAGMT 04:49 2018 Saturday ,20 January
HSBC in $100 million forex fraud settlementGMT 14:14 2018 Wednesday ,17 January
Strong euro 'source of uncertainty' for ECBGMT 17:00 2018 Tuesday ,16 January
IMF 'concerned' by Kiev's plan for anti-corruption courtGMT 19:29 2018 Monday ,15 January
Central Bank issues commemorative coin for Dh189GMT 06:05 2018 Sunday ,14 January
Bitcoin shouldn't become the new Swiss bank accountGMT 21:23 2018 Wednesday ,10 January
BCCI elections committee holds second meeting

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor