Banking union and ambiguity: Dare to go further

Sylvester Eijffinger, Rob Nijskens 23 November 2012

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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. The European Banking Authority (EBA) can coordinate this through the proposed Single Supervisory Mechanism.

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Topics:  EU institutions EU policies

Tags:  ECB, interest rates, banking union, supervision