On 19 June 2013, Stephen Fidler, Editor of The Wall Street Journal (Brussels), chaired the second session titled "Towards a genuine economic and monetary union, Banking Union" of the Brussels Economic Forum 2013 "The Future of EMU".
Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
||Soundbite by Stephen Fidler, Editor of The Wall Street Journal (Brussels), (in ENGLISH) giving some introductory words to open the second session titled "Towards a genuine Economic and Monetary Union (EMU), at the Brussels Economic Forum 2013 " The Future of EMU
||Soundbite by Erkki Liikanen, Governor of the Bank of Finland, (in ENGLISH) on the crisis, on reforms, and on the Single Supervisory Mechanism
||Soundbite by Stephen Fidler (in ENGLISH) thanking Erkki Liikanen and introducing the next speaker
||Soundbite by Maarten Verwey, Deputy Director-General of the Economic and Financial Affairs DG of the EC, (in ENGLISH) on the rapid progress towards the creation of banking union to end the crisis, on the need of the Single Resolution Mechanism to have a clear mandate, on the support of the Single Resolution Mechanism by the credible resolution funding and liquidity backstops, and on resolution funding to be paid by banks.
||Soundbite by Stephen Fidler (in ENGLISH) thanking Maarten Verwey and introducing the next speaker
||Soundbite by Claudia Buch, Professor at the University of Tübingen, President of the Institute of Applied Economic Studies, and Member of the German Council of Economic Experts, (in ENGLISH) on the reasons why banking union is necessary, on its posible contribution as regards risks sharing and on the actual design of it
||Soundbite by Stephen Fidler (in ENGLISH) thanking Claudia Buch and introducing the next speaker
||Soundbite by Marek Belka, Executive Secretary of the United Nations Economic Commission of Europe (UNECE), (in ENGLISH) on the Polish perspective as regards banking union
||Soundbite by Stephen Fidler (in ENGLISH) thanking Marek Belka and introducing the next speaker
||Soundbite by Jim O'Neill, Former Chairman of Goldman Sachs Asset Management (GSAM), (in ENGLISH) on the creation of EMU, on the importance of the aspects of trade, and on the existing contradictions
||Soundbite by Stephen Fidler (in ENGLISH) thanking Jim O'Neil and opening the debate
||Soundbite by Erkki Liikanen (in ENGLISH) on the independence of the supervisors
||Soundbite by Claudia Buch (in ENGLISH) on the independence of the supervisors
||Soundbite by Maarten Verwey (in ENGLISH) on the asset quality review, on direct recapitalisation, on the European Stability Mechanism (ESM), and on supervision
||Soundbite by Stephen Fidler (in ENGLISH) opening the questions/answers session