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‘Shaping financial regulation in an era of distrust’ - keynote speech by the Eurogroup President, Paschal Donohoe, at the Sixth ECB Forum on Banking Supervision

· Paschal Donohoe, President of the Eurogroup (Euro area (EU))

Summary written by Dark Majestic in its own words · topics: banking regulation and supervision, trade, fragmentation and geopolitics

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· Paschal Donohoe Wiki · Eurogroup Wiki‘Shaping financial regulation in an era of distrust’ - keynote speech by the Eurogroup President, Paschal Donohoe, at the Sixth ECB Forum on Banking Supervision

ContextKeynote by the Eurogroup President at the Sixth ECB Forum on Banking Supervision in Frankfurt.

Why it mattersArgues that uncertainty should push Europe to finish the banking union rather than slow it down.

Problems raised
  1. Trust in institutions is low.
  2. The euro area regulatory system is unfinished.
  3. Geopolitical uncertainty is high.
Solutions proposed
  1. Use uncertainty as a driver to finish reforms.
  2. Complete the banking union.
  3. Shape regulation to rebuild trust.
Read full speech on consilium.europa.eu ↗

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