| Author (Corporate) | Council of the European Union: General Secretariat |
|---|---|
| Series Title | Press Release |
| Series Details | PRES/12/528 (13.12.12) |
| Publication Date | 13/12/2012 |
| Content Type | News |
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The Council today (13.12.12) set out its position on two proposals aimed at establishing a single supervisory mechanism (SSM) for the oversight of credit institutions. Agreement in the Council will enable the presidency to negotiate with the European Parliament with the aim of adopting the legislation before the end of the year, in line with the October European Council's conclusions. The proposals involve two regulations: one conferring supervisory tasks on the European Central Bank, the other modifying regulation 1093/2010 establishing the European Banking Authority. |
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| Source Link | Link to Main Source http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ecofin/134265.pdf |
| Subject Categories | Business and Industry |
| Countries / Regions | Europe |
