Jorg Asmussen hits the headlines

  • Bank oversight needs high level of accountability
  • SSM preparations proceeding apace
  • ECB developing supervisory manual
  • ECB balance sheet review to create transparency
  • Robust asset-quality review and stress tests needed
  • ECB welcomes commission proposal for SRM and wants SRA and fund

SNB’s Thomas Jordan steps up

  • Too big to fail problem not yet solved fully
  • Goal is ability to wind down business in orderly manner
  • More steps depend on if wind down plan achieved

France’s Moscovici

  • French economic reforms are “ambitious and Credible”
  • Sees no misunderstanding on policy with commission
  • Market rates show French economic policy is credible

EFSF chief Klaus Regling comes out the revolving door

  • EFSF and ESM to remain in market for long term
  • ESM to issue first long term bond in October