Date: 5th October 2016
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Type: In the news
European Parliament approved this Thursday, September 12, the EU bank supervision system, which is intended to be the core element for the banking union. The EP seeks thus to establish a "more uniform culture for bank supervision". The system’s transparency and accountability were strengthened and the European Banking Authority was tasked to develop supervisory practices which national banks supervisors should follow. The backing of the EU member states is now required for this legislation before taking effect.
Read the European Parliament press release on this subject on its website.