Brussels, 12/09/2013 (Agence Europe) - On Thursday 12 September, the European Parliament (EP) endorsed a political agreement on draft legislation to introduce a single bank supervision system in the eurozone under the aegis of the European Central Bank in the autumn of 2014, which will change the way that the European Banking Authority (EBA) functions (see EUROPE 10810).
The bank supervision system is the first arm of banking union, work on which began in June 2012 at a eurozone summit. The...