Europe's takeaway from recent banking turmoil
A deep dive into EU regulation of the banking sector and how European banks were affected by the recent bank collapses.
The collapses in rapid succession of Credit Suisse in Switzerland along with the Silicon Valley Bank (SVB) and Signature Bank in the United States have reawakened debates on banking policy.
In this episode of The Sound of Economics, Giuseppe Porcaro is joined by Silvia Merler and Nicolas Véron. Together they explore the lingering effects of the recent banking turmoil and how this controversy may nudge the EU towards better compliance with international banking capital standards. They also discuss the Commission's recently adopted bank crisis management and deposit insurance (CMDI) framework, as well as the prospects of completing a European banking union.
Relevant publication:
The US and Swiss messes may nudge the EU towards better international bank capital standards compliance, First glance, Nicolas Véron
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