ECB sets out Banking Union wish list

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ECB sets out Banking Union wish list

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European Central Bank, Supervisory Board. Chairman Andrea Enria, during a press conference on 28.01.2020. Responsible for banking supervision, advice and support of affiliated banks in Europe. | usage worldwide | Wolfgang Minich/DPA/PA Images

The European Central Bank has set out a plan for relieving tensions between ‘home’ and ‘host’ countries in the Banking Union. The plan relies on introducing stronger and more enforceable mechanisms of intragroup capital and liquidity support, which could then be linked with earlier intervention powers for the supervisor.

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