Brussels, 04/11/2014 (Agence Europe) - On Tuesday 4 November, the ECB officially took up the responsibility for the direct control of 119 systemic banks, representing 82% of total banking assets, in the framework of the single supervisory mechanism, the first plank of banking union in the eurozone.
The 3,500 other banks of the eurozone will remain under the control of the national supervisors, in accordance with the express request of Germany. Nonetheless, the European institution will...