September 02, 2024 at 02:06PM
Preconditions for EDIS are now met, and moving forward will be important
Legislators should resist the temptation to relax banking regulation
Profit levels are relatively high, which provides a good opportunity for banks to invest in strengthening resilience
EDIS is European Deposit Insurance Scheme. It’s a proposed EU-level insurance system intended to protect depositors in case a bank fails, similar to how national deposit insurance schemes work but on a pan-European scale.
There is nothing on monetary policy here and this isn’t a euro mover.
This article was written by Adam Button at www.forexlive.com.
ECB’s Buch: Europe’s banking sector has shown resilience