European banking union progress uneven, says Gerlach

Progress on establishing a European banking union has been uneven and it has stalled in some areas, according to the deputy governor of the Central Bank Stefan Gerlach.

21st January, 2013
Deputy governor of the Central Bank Stefan Gerlach.

Progress on establishing a European banking union has been uneven and it has stalled in some areas, according to the deputy governor of the Central Bank Stefan Gerlach.

Gerlach said in a speech to the EUI conference in Florence today that it is difficult to build consensus "in a situation where bank resolutions may become necessary, and deposit insurance schemes could be called on, in the near future."

"This is a matter that ideally should...

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