The President of the ECB, Mario Draghi, argued in favour of the completion of Banking Union in the Eurozone with the introduction of European Deposit Insurance Scheme (EDIS), during a monetary dialogue session with the European Parliament on Monday 9 July.
“With the right policy framework, risk-sharing and risk reduction are thus mutually reinforcing”, said Draghi. He observed that since the financial crisis, banking risks have reduced considerably: optimum-quality equity ratios (CET 1...