Lorenzo Bini Smaghi: ECB Is Doing What's Needed

The video discusses the role of monetary policy and central banks in managing economic risks, highlighting the need for fiscal support and structural reforms. It addresses the challenges faced by European banks, emphasizing the importance of regulatory certainty and innovation in a low-growth environment with negative interest rates. The potential impact of Brexit on the banking system is also explored, along with the need for mergers and capital raising in fragmented banking sectors.

What challenges do banks face in a milieu of negative interest rates?

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What role do mergers play in the context of the Italian banking system?

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How can EU banks regain market power according to the speaker?

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