ECB to become bank union supremo from mid-2013

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Series Details 12.9.12
Publication Date 12/09/2012
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In order to put into action the conclusion of the European Council and Euro Area summit at the end of June 2012, on 12 September 2012 the European Commission adopted a set of legislative proposals on the establishment of a single supervisory mechanism for banks led by the European Central Bank. The set was accompanied by a Communication on a roadmap for completing the banking union over the coming years.

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European Commission: RAPID: Press Release, IP/12/953: Commission proposes new ECB powers for banking supervision as part of a banking union
European Commission: DG Internal Market and Services: General policy: Financial Services Committee Architecture
ESO: Background information: Non-euro countries raise concerns on banking union
ESO: Background information: Brussels pushes for wide ECB powers
European Commission: Memo/12/662: Commission proposes a package for banking supervision in the Eurozone - frequently asked questions
BBC News, 12.9.12: Barroso: banking union 'indispensable' for euro stability
EurActiv, 13.9.12: Denmark considers joining EU's banking union
EurActiv, 13.9.12: Barnier launches quick, fiery debate on banking union
EUObserver, 14.9.12: EU turf war on banking union may pose risks to Spain
Deutsche Welle, 15.9.12: The EU's banking union is still a long way away,,16243882,00.html
Blog: Social Europe Journal, 17.9.12: On Banking Union, Speak the Truth (by Charles Wyplosz)
Blog: Bruegel, 17.9.12: A five-step guide to European banking union
Bruegel: The fiscal implications of a banking union , 2012
The Economist, No.8801, 8.9.12: Charlemagne. Eurobankingfragilistic

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