ECB to become bank union supremo from mid-2013

In order to put into action the conclusion of the European Council and Euro Area summit at the end of June 2012, on 12 September 2012 the European Commission adopted a set of legislative proposals on the establishment of a single supervisory mechanism for banks led by the European Central Bank. The set was accompanied by a Communication on a roadmap for completing the banking union over the coming years.

European Commission: RAPID: Press Release, IP/12/953: Commission proposes new ECB powers for banking supervision as part of a banking union http://europa.eu/rapid/pressReleasesAction.do?reference=IP/12/953&format=PDF&aged=0&language=EN&guiLanguage=en

European Commission: DG Internal Market and Services: General policy: Financial Services Committee Architecture http://ec.europa.eu/internal_market/finances/committees/index_en.htm

ESO: Background information: Non-euro countries raise concerns on banking union http://www.europeansources.info/record/non-euro-countries-raise-concerns-on-banking-union/

ESO: Background information: Brussels pushes for wide ECB powers http://www.europeansources.info/record/brussels-pushes-for-wide-ecb-powers/

European Commission: Memo/12/662: Commission proposes a package for banking supervision in the Eurozone - frequently asked questions http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/12/662&format=HTML&aged=0&language=EN&guiLanguage=en

BBC News, 12.9.12: Barroso: banking union 'indispensable' for euro stability http://www.bbc.co.uk/news/world-europe-19575881

EurActiv, 13.9.12: Denmark considers joining EU's banking union http://www.euractiv.com/euro-finance/denmark-considers-joining-eus-ba-news-514781

EurActiv, 13.9.12: Barnier launches quick, fiery debate on banking union http://www.euractiv.com/euro-finance/launch-quick-fiery-debate-bankin-news-514766

EUObserver, 14.9.12: EU turf war on banking union may pose risks to Spain http://euobserver.com/economic/117525

Deutsche Welle, 15.9.12: The EU's banking union is still a long way away http://www.dw.de/dw/article/0,,16243882,00.html

Blog: Social Europe Journal, 17.9.12: On Banking Union, Speak the Truth (by Charles Wyplosz) http://www.social-europe.eu/2012/09/on-banking-union-speak-the-truth/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+social-europe%2FwmyH+%28Social+Europe+Journal%29#

Blog: Bruegel, 17.9.12: A five-step guide to European banking union http://www.bruegel.org/nc/blog/detail/article/891-a-five-step-guide-to-european-banking-union/

Bruegel: The fiscal implications of a banking union , 2012 http://www.bruegel.org/publications/publication-detail/publication/748-the-fiscal-implications-of-a-banking-union/

The Economist, No.8801, 8.9.12: Charlemagne. Eurobankingfragilistic http://www.economist.com/node/21562198

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