Bloomberg again, this time reporting an interview by SSM board member Ignazio Angeloni with Boersen-Zeitung
- banking union aims to give banks more flexibility in liquidity management
- legal text being prepared by ECB to harmonize bank capital rules as part of banking union aimed at "more openness and less ring fencing
- there will be limits to ensure banks are safe as there are " justified concerns, especially in countries where foreign banks are active. If there was total freedom, the mother company could steer its liquidity in ways that would be harmful to the stability of the affected country"
- ECB doesn't intend to constantly raise bank-specific capital requirements
Single Supervisory Mechanism/ECB looking to make things easier for banks? Sounds a little ominous to me
Anyhow I'm off out to football and cheer on the mighty Shrimpers to another win, hopefully.
Have a great week-end out there one and all
