Draghi backs single resolution mechanism as banking union next step


A single European resolution mechanism should be set up once the European Central Bank (ECB) is established as the centre of the single supervisory mechanism (SSM), Mario Draghi, the president of the ECB, told the European Parliament today.

In a statement to the Committee on Economic and Monetary Affairs, Draghi said the ECB shares the European Council's views on the timing for the single resolution mechanism, "namely that it will be required once bank supervision is effectively moved to the SSM

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: