Press Release: Bank supervision: Council confirms agreement with EP

Author (Corporate)
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Series Details PRES/13/136 (18.4.13)
Publication Date 18/04/2013
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The Permanent Representatives Committee today (18.4.2013) approved a compromise agreed with the European Parliament on the establishment of a single supervisory mechanism (SSM) for the oversight of credit institutions.

The compromise, agreed on 19 March 2013, involves two regulations: one conferring supervisory tasks on the European Central Bank, the other modifying
regulation 1093/2010 establishing the European Banking Authority.

Source Link Link to Main Source http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ecofin/136846.pdf
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