Europe's takeaway from recent banking turmoil
The Sound of Economics
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The EU's Bank Crisis Management and the BOSSIT Insurance Framework
The European Commission has adopted a proposal to adjust and strengthen the EU's existing bank crisis management framework, so-called CMDI. In Europe, banks are supervised by the ECB as soon they go over the 30 billion in assets threshold. The size that triggers federal supervision is much higher but there still remained some frictions when dealing with smaller banks,. That is something we have seen recently in the context of smaller Italian banks.
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