Select a language
“Everything in order?!”
On the building: "Banks"
On the megaphone: "Supervision"
On the truck: "ECB"
At the summit on December 13 and 14, the 27 member states agreed a system of banking supervision.
This embryonic banking union is responsible for only 150-200 of the EU's 6,000 banks mainly because Germany was keen to avoid its regional banks – which are highly exposed to toxic debts – coming under the secutiny of the new banking supervisor.
Was this article useful? If so we are delighted!
It is freely available because we believe that the right to free and independent information is essential for democracy. But this right is not guaranteed forever, and independence comes at a cost. We need your support in order to continue publishing independent, multilingual news for all Europeans.
Discover our subscription offers and their exclusive benefits and become a member of our community now!
