European Commission divulges banking oversight proposals

european-commission2-0909

The European Commission (EC) today (September 12) unveiled plans to introduce a single supervisory mechanism (SSM) for banks in the eurozone, a move widely seen as needed to rescue the currency union from break-up.

"Today, the commission is presenting legislative proposals for a single European supervisory mechanism. This is the stepping stone to a banking union," said José Manuel Barroso, the president of the EC in his State of the Union 2012 Address to the European Parliament in Strasbourg.

"T

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: