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Crisis highlights need for banking union, In conversation with Charles Evans

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Crisis highlights need for banking union, In conversation with Charles Evans

Monday 17 August 2020  –   Vol.11  Ed.34.1

Commentary: EU needs desposit insurance scheme

By Margarita Delgado in Madrid

European banking union was created to address flaws in the euro’s design. Five years later, we at the Banco de España believe this initiative has safeguarded the single currency, but it has not yet produced a truly integrated banking sector. The pandemic has highlighted the importance of this second objective, yet important barriers remain. Fulfilling banking union requires a fundamental advance: establishing a European deposit insurance scheme.

Read the full commentary and download Global Public Investor 2020 on the website.

Meeting: In conversation with Charles Evans

Tuesday 22 September, 15:00-16:00 BST

It has been a turbulent year for the US economy, with interest rates back at the zero lower bound and the use of policies that were once considered unconventional. Charles Evans, president of the Federal Reserve Bank of Chicago, joins David Marsh for a conversation on the future of the US economy and the path to recovery.

Request to attend the meeting.

 

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