On Wednesday 28 June, the Chair of the ECB’s Single Supervision Mechanism (SSM), Andrea Enria, urged MEPs to push through the ‘CMDI’ proposal to strengthen European tools for managing a banking crisis before the end of the current parliamentary term (see EUROPE B13164A7).
“We support extending the use of resolution tools to a broader spectrum of banks”, he said during a debate in the European Parliament. In his view, the Commission’s proposal to allow national deposit...