Bloomberg News

ECB’s Liikanen Calls for EU Banking Supervisor, WiWo Reports

June 16, 2012

European Central Bank council member Erkki Liikanen said the European Union should establish a common supervisory body for systemically important, cross-border banks, WirtschaftsWoche reported, citing an interview.

A common resolution process and a deposit guarantee system should also be created, the magazine reported, citing Liikanen.

To contact the reporter on this story: Jeff Black in Frankfurt at jblack25@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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