Don’t run before you can walk: EU banking reform and the need for economic analysis
In February 2012, European Commissioner, Michel Barnier, appointed a ‘High-level Expert Group’ to make recommendations on reforms to the structure of the EU banking sector to strengthen financial stability and market functioning. Dr Luis Correia da Silva, Oxera Managing Director, discusses how there is as yet a lack of fundamental economic analysis to inform such recommendations, in terms of both whether structural reform is required and what shape it might take.
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