A New European Financial Landscape Is Emerging
The phase of the greatest Brexit-related uncertainty for the European financial sector ended on January 1.
The phase of the greatest Brexit-related uncertainty for the European financial sector ended on January 1.
The spectacular collapse of Wirecard AG should serve as a wake-up call for the European Union on the need to pool the relevant supervisory mandates at the EU level.
Despite progress toward a single banking policy framework in the eurozone, much of the German banking system has remained partly sheltered from uniform rules and disciplines.
The banking system is critical to society and requires attention and support. In doing so, however, tough love is preferable to complacency.