VOICED : Merkel EU bank supervision

The transcript discusses the establishment of a robust banking supervision system, emphasizing the need for a system that is effective and deserving of its name. It outlines the timeline for implementation, expected to be completed in 2013, and highlights the challenges in installation, as noted by Mario Draghi. The system must be fully functional before any bank recapitalization can occur.

What is the primary goal of the new bank supervision system?

• To reduce the number of finance ministers

• To delay the implementation process

• To create a system that is better than the current one

• To maintain the current system

Who is primarily involved in the concentrated work for the new bank supervision?

• Bank employees

• Finance ministers

• International investors

• Local government officials

According to Mario Draghi, how long will it take to implement the bank supervision system?

• A few days

• Several months

• One or two months

• A few weeks

What must be in place before discussing bank recapitalization?

• An increase in bank profits

• A functional bank supervision system

• A reduction in bank staff

• A new financial policy

What is emphasized about the bank supervision system in the final section?

• It should be implemented quickly

• It must be effective and deserving of its name

• It should focus on reducing costs

• It must be approved by all banks