European Union

5 ways Europe can prepare for problem banks

Wads of euro banknotes are stacked in a pile at the GSA Austria (Money Service Austria) company's headquarters in Vienna July 22, 2013. The GSA delivers new and collects old currency for the Austrian National Bank. REUTERS/Leonhard Foeger  (AUSTRIA - Tags: POLITICS BUSINESS TPX IMAGES OF THE DAY) - BM2E97M13IL01

In 2016, roughly one in 10 large banks posted very large losses. Image: REUTERS/Leonhard Foeger

Daniel C. Hardy
Advisor, International Monetary Fund
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View of skyscrapers in the banking district in Frankfurt am Main Image: imageBROKER/Stefan Ziese/Newscom
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European UnionBanking and Capital MarketsFinancial and Monetary Systems
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