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Image header Agence Europe
Europe Daily Bulletin No. 10708
Contents Publication in full By article 24 / 37
ECONOMY - FINANCE - BUSINESS / (ae) banking

Debate about legal niceties of new bank supervisory system

Brussels, 11/10/2012 (Agence Europe) - The problem of non-euro countries being allowed to take part in the decision-making process for the common eurozone bank supervision mechanism under the aegis of the European Central bank is connected with legal niceties because the current suggestions are based on Article 127.6 of the EU treaty, which allows member states give the ECB certain bank supervisory powers. Non-euro countries do not see it as being in their interest to join a mechanism whose...

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