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 […]How Germany strives to mold ECB’s monetary policy to her interests
April 9, 2015 by Leave a Comment
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 completion of the European Banking Union attracts billions of new capital for Eurozone banks
April 16, 2014 by 1 Comment
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 […]A week to decide if the EU is to have a Banking Union
March 8, 2014 by Leave a Comment
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 Parliament sets the way for the European Banking Union
December 18, 2013 by 1 Comment
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 […]Resolving banks with depositors’ money?
December 9, 2013 by Leave a Comment
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 […]Landmark EU Parliament – ECB agreement on bank supervision
September 13, 2013 by Leave a Comment
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 […]EU: Centralised economic governance and bank supervision may lead to new crisis
January 24, 2013 by Leave a Comment
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 […]
