Aidan Regan: European banking union yet another good idea that the EU has failed to sell
Ireland, and other countries with weaker domestic banking systems, have a strong incentive to push for such a union, but it will only happen if people realise what we could gain from it
The idea of a European banking union has deep roots. It first emerged in the 1970s, long before the Maastricht Treaty in the late 1990s which paved the way for the creation of the single currency.
Central to the idea is the need to create an EU-wide stabilisation mechanism to counteract, mitigate and share the risks of cross-border banking in the single market. While stability is important, it doesn’t exactly lend itself to a popular...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
BPFI paper reveals Irish banks’ hostility to new global trading regulations
A new position paper from the Banking and Payments Federation of Ireland shows that the banks argued the rules would require them to hold far more capital than their global peers, limiting their ability to lend
Data watchdog contacts Central Bank over credit union breach
DPC examining accidental release of the names and addresses of senior credit union officials by the Central Bank
State may sell off more AIB shares ‘subject to market conditions’
Officials advised the Minister for Finance that a successful sale of Bank of Ireland shares could facilitate cutting taxpayers’ investment in AIB
Card spending on hospitality and international travel surged in August
Data released by Bank of Ireland also showed a big increase in card transactions in pubs, restaurants and accommodation while airline spending also rose