Monday, 27 August 2012

Europe: proposals for a single banking supervisor and closer banking union

In a news release issued last Friday the European Commission stated that September 11 is the likely date for its publication of proposals for reforming the supervision of banks within the euro area. A greater role for the European Central Bank is envisaged. Further details are also expected with regard to the role of the European Banking Authority and the impact of the proposals on supervisory authorities in EU countries not in the euro area.

Update (31 August 2012): 12 September now appears to be the date on which the proposals will be published: see here.

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