Jinfo: Moving closer to a European Banking Union

Moving closer to a European Banking Union
Jinfo Article

22nd October 2013

Abstract

Sophie Alexander examines the impact of the proposed European banking union as the European Central Bank (ECB) gains regulatory powers over the eurozone's 6,000 banks. She looks at how the ECB will supervise some of the largest banks in eurozone countries as part of a three stage process designed to bring Europe's banks under a single regulatory umbrella despite concerns voiced from bodies such as the International Monetary Fund and countries including Germany, Sweden and the UK.

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