Europe takes an important step towards a European banking union

Nicolas Véron, 19 December 2012



The political agreement reached early on 13-14 December by Europe’s finance ministers and heads of state and government makes it highly likely that legislation establishing a Single Supervisory Mechanism (SSM) with the ECB at its centre will be enacted in March 2013.

Topics: EU institutions
Tags: European banking union, Single Supervisory Mechanism

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