EU leaders agree on new powers for ECB

hermanvanrompuy

European leaders have endorsed giving the European Central Bank (ECB) a banking oversight role at the centre of Europe's single supervisory mechanism (SSM) next year. However, despite discussions continuing into the early hours of this morning (October 19), European leaders failed to agree on when the European Stability Mechanism (ESM) will be able to directly recapitalise ailing eurozone banks.

"The urgent element now is setting up a single supervisory mechanism, to prevent banking risks and

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: