Breaking the sovereign/bank nexus has been a priority for policymakers since the global financial crisis. The problem is particularly acute in Europe. One proposal, to end the preferential capital treatment for the sovereign exposures of banks, may presage a revolution in European capital markets. But getting Europe’s rival factions to agree on a policy is far from simple.
You must be a trialist or subscriber to view the full article.
Please log in or see below to Subscribe or take a Free Trial Logged in and seeing this message? Your access may have lapsed. Visit 'My account' for information.
FREE 30 DAY ACCESS
Online access to Euromoney.com, including daily coverage of the global financial markets