Germany’s constitutional court rejects case against ECB supervisory powers

ECB + bridge

The banking supervisory powers of the European Central Bank do not violate the European Union treaties, the German Constitutional Court said on July 30.

“The European Union did not exceed the competences conferred on it by the Treaties when adopting the legislative framework regarding the European Banking Union, including the Single Supervisory Mechanism (SSM) and the Single Resolution Mechanism (SRM),” said the German court.

However, it added this would only remain the case as long as “this

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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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

.