Luxembourg, 14/10/2013 (Agence Europe) - On Monday 14 October, EU member states' representatives to the EU on the Coreper committee gave the go-ahead to draft legislation to introduce the new bank supervision mechanism for the eurozone under the aegis of the European Central Bank (ECB).
On Tuesday, the ECOFIN Council will give the final nod to the new EU rules dividing up bank supervision amongst national and EU level by amending the operating rules for the European Banking Authority (EBA)...