So a weak banking sector continued to drag on the euro area economy, which was especially pernicious given the importance of the banking lending channel for financing.”, Draghi, M. (2019), “Twenty Years of the ECB’s monetary policy”, speech at the ECB Forum on Central Banking, Sintra, 18 June. iv Bolton, P., Cecchetti, S., Danthine, J.-P., Vives, X. (2019), “Sound At Last?
Assessing a Decade of Financial Regulation”, VoxEU.org, 2 June. v Restoy, F. (2018), “Bail-in in the new bank resolution framework: is there an issue with the middle class?”, speech at the IADI-ERC International Conference “Resolution and deposit guarantee schemes in Europe: incomplete processes and uncertain outcomes”, Naples, 23 March.