Dreaming in the Practice of African Marabouts in Paris

Expert advice and political choice in constructing European banking union

“…Early European Commission proposals for a European deposit guarantee system therefore included measures to ensure minimum coverage standards and cross-border transfer of data and home/host mutual assistance. 19 Settlements and the Academic Committee of the ESRB underlined strongly the need for a common supervisor that could prevent national forbearance. 21 Looking forward, the BIS noted that the need to look soberly at bank balance sheets and force corrective action on an ongoing basis would also become particularly important when quantitative easing is tapered to the extent that banks can no longer hide the extent of impaired assets.…”