![Egmont Institute logo](https://www.egmontinstitute.be/app/themes/stem/dist/img/egmont_logo.png)
Assessing the single supervisory mechanism: passing the point of no return for Europe’s Banking Union
![Post thumbnail print](https://www.egmontinstitute.be/app/uploads/2013/06/house-of-euros_Picasaweb-Jamie-Arthur-1.jpg)
In
With the aim of breaking the negative feedback loop between Europe’s financial and sovereign debt crises, the EU decided to create a common supervisory framework for the banking sector: the Single Supervisory Mechanism. This Egmont Paper assesses the new supervisory mechanism, its role in the Banking Union and the challenges ahead.
(Photo credit: Jamie Arthur, Picasaweb)