In Paris on Tuesday 18 September, the chair of the Single Supervisory Board of the ECB, Danièle Nouy, said that cross-border banking groups should be able to benefit from the advantages of Banking Union in the Eurozone, for instance by granting broader waivers in terms of solvency, liquidity and large exposures.
“Countries still tend to put fences around their banking sectors. Such ring-fencing was deemed reasonable during the crisis, but times have changed”, she told a conference in...