Tag "Single Supervisory Mechanism"

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Europe Finance

European Banking Union comes with fiscal discipline

By end 2014, the European Banking Union will be a reality. Aside from being aimed at restoring banking sector stability, there are far-reaching implications for fiscal discipline. The long-awaited European

Europe Finance

Europe’s leaders far from banking union

On September 12th, the European Parliament adopted legislation, which will allow the European Central Bank (ECB) to take on new bank supervision tasks as part of the single supervisory mechanism.