ECB’s Vítor Constancio On The Future Of European Banking

The Institute of International and European Affairs is holding a one-day conference today to examine the future of the financial services sector and banking in Europe. IIEA director general Tom Arnold said the conference is taking place at a critical juncture, ahead of the crucial European Council meeting on the Single Resolution Mechanism later this month. Vítor Constancio’s speech on European banking “As we are a bank-based economy, there are few issues that are more vital to growth and job creation in the euro area than a well-supervised and stable banking sector. In passing this responsibility to the European level,…