Banking Union suffers setback over ‘third pillar’ plans

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Banking Union suffers setback over ‘third pillar’ plans

Tyler Davies
June 20, 2016 12:15 pm
ECB 230x150 euro sculpture
Euro-Sculpture in front of ECB in Frankfurt am Main, Hesse, Germany Photo by: Daniel Kalker/picture-alliance/dpa/AP Images | Daniel Kalker/Daniel Kalker/picture-alliance/dpa/AP Images

Completion of the EU banking union has been dealt a serious blow, after ministers failed to agree a timeframe for implementing a proposed common deposit guarantee scheme.

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