Legal alert

Council’s agreement on banking supervision by the ECB

January 1, 2013
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Legal alert

This legal alert discusses the proposal of the Council of the European Union for a Single Supervisory Mechanism (SSM) for banks in the Eurozone.

The SSM is the first pillar of the European Banking Union and grants the ECB direct supervisory powers with respect to the most significant banks in Eurozone countries, as well as with regards to smaller Eurozone banks.

 

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Please download the legal alert here in English

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