In an interview with Euromoney, Single Supervisory Mechanism (SSM) board member Ignazio Angeloni is keen to see cross-border bank mergers in the eurozone, at least in the abstract. It would be a means for regional champions to grow and to take on the US investment banks more effectively, he says.
This comes at a time when a consensus on European deposit insurance scheme looks more elusive than ever. The debate in some policy circles has turned to whether the supervisor should allow banks to just get on and do it, regardless of the deposit insurance delay, and instead push harder for waivers of national liquidity and capital requirements for cross-border banks.
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