Mediafax (Mediafax)
Markets  |  December 09, 2012 13:23:47

CNB governor will attend the European Council


PRAGUE (MEDIAFAX) - Czech National Bank Governor Miroslav Singer will attend on Thursday and Friday, the European Council meeting in Brussels, where it will decide on the steps leading to the establishment of the Union Bank. Participation in the Czech delegation offered the Governor Office of the Czech Government.

Czech National Bank Governor Miroslav Singer will attend on Thursday and Friday, the European Council meeting in Brussels, where it will decide on the steps leading to the establishment of the Union Bank. The governor offered participation in the Czech delegation Cabinet Office, said spokesman Mark Petruš institutions.

"I fully respect that foreign policy is primarily determined by the government, and the invitation to participate, we welcome it. At this point, I suppose, use the offer at a meeting to go, I could spot from a professional viewpoint of the Czech delegation to help analyze and possibly refine the final agreements in wording as , "said Singer.

The European Council, in which sitting Heads of State and Government of the Member States of the European Union, will evaluate proposals on a uniform surveillance mechanism (Single Supervisory Mechanism SSM) and other key legislative measures relating to the European Banking Authority, bank resolution and deposit insurance agreement proposals on capital requirements for banks (CRD IV). Czech National Bank to some of these designs occupies a critical position.

Singer himself is planned to Union Bank very critical. This is because according to him, in the form proposed "totally unacceptable" because it would "allow without our consent and transferring assets such as bank deposits existing in the Czech Republic, or, conversely, to insert bank risk elsewhere."

Jitka Zadražilová, zadrazilova@mediafax.cz

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