Monday, 2 July 2012

Europe: banking supervision in the eurozone

At the European Council meeting last week, the eurozone members agreed to give the European Central Bank a much greater role in respect of the supervision of banks within the eurozone through the creation of a single supervisory mechanism: see here. Further details about the operation of this new regime, and in particular its scope (e.g., all banks?), will be published later this year.

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