Edward Scicluna

Banking Union Discussed in Brussels – Videoblog 31

Finance Minister Prof. Edward Scicluna discusses his participation in Eurogroup and ECOFIN meetings in Brussels earlier last week. Prof. Scicluna explains that one issue which was discussed was the current status of the Banking Union.

He notes how two leading Maltese banks, HSBC and BOV, along with other more prominent European banks such as Deutsche Bank, were selected by the European Commission for detailed line-by-line scrutiny regarding their strengths, assets, and investments. Following this scrutiny, the banks will be subjected to stress tests that will study their performance and stability during a crisis.

 

eu_2259316b

 

Prof. Scicluna also explains how currently, preparations for the Banking Union are at a stage whereby the Euro Zone Governments are drafting an intergovernmental agreement with regards to the process of how ailing banks are handled, also known as bank resolution. Following the signing, this agreement will need to be ratified in the Maltese parliament.

Prof. Scicluna also explains that, very often, there is a measure of animosity between the European Parliament and the Council of Ministers. He mentions that in this case, the European Parliament is not being consulted for its opinion or its approval, which was customary with past issues.

Prof. Scicluna expresses satisfaction that due to an intervention by a number of Socialist Finance Ministers, the Council will now be consulting the European Parliament on the issue of the intergovernmental agreement.

– Monday, 3rd February 2014

author_pc

1,093 responses to “Banking Union Discussed in Brussels – Videoblog 31”

  448. Do you want hot phone sex and a little more? Then you should get to know the combination of both! Phone sex with live cams offers you exactly what you need for hot Live Video Chat with Girls on the Internet. Horny women on the phone who have nothing else on their minds but to have fun with you in front of the cam. There are always horny women online waiting for your call and once they have you on the line they also switch on their cam.

  453. I have an open mind, though not an empty mind. A person with an open mind is always the subject of congratulations

  602. I am not sure where you’re getting your information, but great topic. I needs to spend some time learning more or understanding more. Thanks for magnificent information I was looking for this information for my mission.

  699. Fantastic web site. A lot of useful info here. I’m sending it to several friends ans also sharing in delicious. And certainly, thank you for your sweat!

Leave a Reply

Your email address will not be published. Required fields are marked *