For Sweden and Denmark, there exists a peculiar relationship to bankunionens rules also partly applies to Sweden and Denmark, despite the fact that the countries lack the influence and authority deriving from membership of the banking union. This I mean, unlike replikförfattarna Hökmark and mr Becker, is an unsatisfactory order.
this Model is an all too familiar approach for Sweden’s action in the EUROPEAN union – to be with, but yet not. This half-hearted attitude is hardly Hökmarks wrong. He describes bankunionens rules ”is sometimes diffuse, but have done the closest to heroic efforts in the legislative work of the european Parliament.
, and insistent primarily vis-à-vis his own party, the Conservatives. It deserves to be quoted: ”Sweden’s membership of the euro would be good for the Swedish economy’s competitiveness, investment and the internal market. It would give us more political influence over the eurofrågor that still affects us, and it would mean that, after Brexit does not belong to a small minority with declining political influence on the basis of our exclusion.” Good! Hope we will hear more of this urgent kind in the upcoming EU election campaign.
In the day, when it comes to the Nordic region’s internationally active banks, is not the main problem that the banks are likely to fail without the normally very profitable but illegal money laundering. It gets its nutrition of poor governance in the banks, in combination with money and fees from shady companies and individuals, often with roots in the old sovjetstrukturer. The incentives for people in banks in the Nordic and Baltic countries to participate in corruption is uncomfortably large.
A disadvantage in the work against money laundering and corruption, and with Sweden and Denmark outside the banking union is the EU institutions, the ECB – with its power, its influence and its analytical capacity, run the risk not to get involved as much as would be desirable in the case of, for example, the colleges of supervisors for banks in the nordic area as Hökmark mention.
A welcome and important institution-building for a more effective EU cooperation when it comes to intelligence gathering (type Interpol), enhanced cooperation between the EU-countries ‘ financial supervisory authorities, a european Magnitskijlag, with more, of course, would win that Sweden and Denmark participate as full members of the banking union.
Therefore it is good that both Sweden and Denmark have established state studies on the countries to become full members of the banking union. I mean, unlike my critics, that it is important that Sweden and Denmark will come to shoots with a positive decision as soon as possible. We should be proactive, and in various ways we’ll keep it clean from fiffel and irregularities in economic and political life. For these decisions to be Sweden and Denmark, not to wait for the next crisis, the Russian påverkansoperation or more penningtvättskandaler!
