Search Options
Home Media Explainers Research & Publications Statistics Monetary Policy The €uro Payments & Markets Careers
Suggestions
Sort by
PRESS RELEASE

ECB welcomes Commission’s proposal for a single supervisory mechanism

12 September 2012

The European Central Bank (ECB) welcomes the European Commission’s proposal, which was drawn up in line with the statement issued at the euro area summit of 29 June 2012, for a Council Regulation establishing a single supervisory mechanism involving the ECB.

The proposal, which the ECB’s Governing Council will formally assess in detail in a legal opinion, is an important step towards laying the foundations of a financial market union with the view to ensuring financial stability in the euro area and the European Union.

CONTACT

European Central Bank

Directorate General Communications

Reproduction is permitted provided that the source is acknowledged.

Media contacts