Financial Stability

Is a single bank supervisor inevitable throughout the EU?

By Duncan Alford
BRR fallback image

After the Great Recession and the subsequent euro currency crisis, the EU responded by proposing a banking union based on three pillars: a Single Supervisory Mechanism (SSM) within the European Central Bank (ECB), a Single Resolution Mechanism (SRM), and a common deposit insurance scheme. 

The SSM became operational in November ...

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