ECB’s first flight in Eurozone’s banking universe will be just a reconnaissance

The European Central Bank, in view of its new role as single supervisory authority of Eurozone’s banking system, a task that will officially commence in November 2014, is now testing the grounds of this real banking constellation, which comprises a round number of 6000 banks. The ECB will undertake with its own proper mechanism the […]

At last some rules on banks

The public outcry against bankers at last produced some tangible results in Brussels. According to a ground-breaking agreement struck between the European Parliament and the Irish Presidency of the Council of the European Union, bankers’ bonuses are capped at the double of their annual salaries. Secondly the capital requirements of the banks are increased to […]