Banking union and ambiguity: Dare to go further

Sylvester Eijffinger, Rob Nijskens, 23 November 2012



On September 12, the European Commission published a proposal to establish a banking union in the Eurozone1. This proposal delegates the supervision of large cross-border banks to the ECB. The ECB will also be responsible for supervising smaller banks, in cooperation with national supervisors.

Topics: EU institutions, EU policies
Tags: banking union, ECB, interest rates, supervision

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