Trial now
USDJPY TECHS

Consolidating Below Resistance

EURGBP TECHS

Approaching Key Support

US TSYS

Hovering Just Off Monday's Late Cheaps

GBPUSD TECHS

Climbs Above The 20-Day EMA

EURUSD TECHS

Outlook Remains Bearish

BRIEF: Deutsche Bank CEO Balks At Funding EU Resolution Fund

LONDON (MNI)

Leading European banker says funds could currently be better utilised funding the recovery and green infrastructure investment.

True
Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

Now is not a good time for banks to be called upon to make contributions to Europe's Single Resolution Fund, Deutsche Bank CEO Christian Sewing said Tuesday. At time when the banking sector is being called upon to provide finance for growth, recovery, and the green and digital transformation, it would be "more reasonable" for banks to lend this money to industry, Sewing told an event organised by capital markets industry group AFME Sewing said

At the same event BNP Paribas Chairman Jean Lemierre urged progress on banking union and capital markets union, as well as regulatory reform so that banks could transfer assets off their balance sheets by securitisation. He blamed the political hangover from the subprime crisis for the reluctance of the EU to promote securitisation more actively.