We shouldn’t oppose the integration of European banking, as long as it makes financial sense

The vice-president of the SRB calls for advancing the common deposit guarantee fund and simplifying banking regulation without losing sight of financial stability

Miguel Carcaño (Madrid, 51) arrived in Brussels in 2015, as the toughest moments of the financial crisis were receding. The European Union was beginning to build its still-unfinished single banking market, and he came from the FROB — Spain’s mechanism for resolving failing banks — where he had landed in 2013. In the EU capital, he still witnessed one of the last aftershocks of that crisis in Spain: the liquidation of the historic Banco Popular, which…