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EU must complete banking union, so deposit guarantee needs finalizing, finance official says

By Kathryn Carlson ( October 12, 2021, 18:28 GMT | Insight) -- The EU's banking union needs to be completed as soon as possible, which means that finalizing a bloc-wide deposit guarantee scheme is top priority, a senior European Commission official has said, in the face of criticism of the scheme from the European Central Bank and the banking sector. Alexandra Jour-Schroeder also said the commission would undertake a legislative review aimed at attracting companies to list within the EU.The EU's banking union needs to be completed as soon as possible, which means finalizing a bloc-wide deposit guarantee scheme is top priority, a senior European Commission official has said, in the face of criticism of the scheme from the European Central Bank and the banking sector....

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