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Image header Agence Europe

Europe Daily Bulletin No. 10679

Contents Publication in full By article 1 / 22
ECONOMY - FINANCE - BUSINESS
(AE) BANKS: Single supervision and bank resolution will be separated

Brussels, 31/08/2012 (Agence Europe) - The European Commission plans to separate the competences of banking supervision in the eurozone, for which the ECB will have the final responsibility, and those of banking resolution. “There should be a distinction between supervision and resolution”, the spokesperson for Commissioner for the Internal Market Michel Barnier said on Friday 31 August. And he added: “Until an EU resolution body is created that can also rely on an EU resolution fund...