- Euro area needs unified banking supervisor
- Need a deposit guarantee fund
- Also need a bank resolution fund
Other than that, everything is all sorted, according to the Banque de France chief…
He also says the ECB needs to do more to ensure the proper transmission of monetary policy. The transmission of monetary policy was the excuse given by the ECB when it began the Securities Market Program (bond-buying). Is Noyer signalling that SMP will be revived?
EUR/USD is rallying, so Mr. Market thinks so.
