European Parliament postpones vote on SSM

European Central Bank at night

The Single Supervisory Mechanism (SSM), one of the central components of a European banking union, could be put on hold following a quarrel between the European Central Bank (ECB) and the European Parliament over the level of democratic accountability that supervision of major banks should be subjected to.

According to a discussion paper between the two bodies, obtained by Reuters this weekend, the ECB is opposing a parliamentary draft that would require it, among other things, to publish detail

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