Reuters: Regulatory News: Czech c.bank chief: EU proposals a "substantial risk"

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Czech c.bank chief: EU proposals a "substantial risk" Jun 27th 2012, 11:12 PRAGUE, June 27 | Wed Jun 27, 2012 7:12am EDT PRAGUE, June 27 (Reuters) - Some of European Union proposals for unified banking regulation released over the last two weeks present substantial risks to the Czech Republic's financial stability, the country's central bank Governor Miroslav Singer said on Wednesday. "I'm sorry to say, but for this country and its financial stability, some of the things proposed on the EU level over the last two weeks present substantial mid-term risks for the financial stability," Singer told a conference. European Council President Herman Van Rompuy has released a seven-page report envisaging a euro zone treasury that would issue common debt in the medium term, as well as elevating banking regulation to the European level, a move opposed by the Czech central bank. Prime Minister Petr Necas said earlier on Wednesday his government would not accept proposals at this week's EU summit for deeper European banking and fiscal integration to protect the country's well-capitalised Czech banking sector.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions