‘I wouldn’t start from here’: the making of European Banking Supervision, and the road ahead
By Stijn Verhelst (2016-11-21)
When eurozone leaders committed themselves in June 2012 to raising banking supervision to the European level, few in Europe realised the magnitude of the project. This Egmont Paper discusses the difficulties that had to be addressed when creating the single supervisory mechanism, requiring both speed and legal ingenuity. It also looks as the institutional challenges that lie ahead, given that European banking supervision is still maturing, Brexit looms and – who knows – Treaty change could await someday.
(Photo credit: MPD01605, Flickr)