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Sabine Lautenschläger, a Member of the Executive Board of the European Central Bank and at the same time Vice-Chair of the Supervisory Board of the Single Supervisory Mechanism is in itself a living proof that euro area is a Germanic monetary zone, in reality an extension of the zone of the German mark. According to […]
The European Parliament adopted yesterday with large majorities three legal texts completing the European Banking Union, two years after the initial decision to create a common system, at least in the euro area, of regular bank supervision and resolution of failing lenders. In two separate votes and an approval at second reading without a new […]
This Monday and Tuesday, 10 and 11 March during the Eurogroup and the ECOFIN meetings respectively, the member states will show their willingness to compromise with the Parliament, in order to finalise the legal base of the European Banking Union. This would be the most important EU project after the common currency. The Banking Union […]
The final shape of the European Banking Union will be served as dessert on the dinner table of the 28 EU leaders on Thursday night. According to the invitation letter that Herman Van Rompuy addressed to the heads of states and governments on the European Union “Over dinner, the focus will be on economic and […]
Tomorrow’s Ecofin council, marking the last 2013 meeting of the 28 EU ministers of Finance, constitutes the final opportunity of the member states to strike an agreement in order to finalise the construction of the European Banking Union. What is still missing for the establishment of the EBU is of course the full Single Resolution […]
In a ground breaking development opening the way to the European Banking Union, the European Parliament and the European Central Bank undersigned the draft text of an Interinstitutional Agreement providing for the exact procedures related to the enactment of the Single Supervisory Mechanism. The legislative had reserves about the transparency and accountability of the SSM […]
In the first Economic and Financial Affairs Council (ECOFIN) of the year on January 22, the two first and more important items on the agenda were the “enhanced economic governance and policy coordination” (the “two-pack” economic governance) and secondly the “financial regulation and bank supervision”. On both accounts the Council made giant steps forward setting […]
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