Spain’s Restoy highlights ‘demanding’ timetable for single-supervision mechanism

restoy

Fernando Restoy, the deputy governor of the Bank of Spain, today (September 14) said the timeframe envisioned for implementing the single-supervision mechanism for eurozone banks would be "demanding".

Speaking at a roundtable about systemic risk and securities markets, Restoy said the proposal put forward by the European Commission this week was "well founded", but that work may need to continue beyond the deadline expressed in it.

The draft regulation foresees the European Central Bank (ECB)

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