Date: 5th October 2016
Author:
Type: In the news
On September 23 MEPs from the Parliament’s Economic and Monetary Affairs Committee met together with European Central Bank President Mario Draghi to debate the EU’s current priorities on the financial agenda including the banking union. Up for discussion were the practical details of setting up a single bank resolution system and fund, the upcoming bank balance sheet health checks and the next steps for Greece amongst others. In response to the concerns expressed by MEPs’ on the single bank resolution authority and fund, Mario Draghi stressed that the single resolution mechanism should be in place by the time the bank balance sheets checks are completed.
Read the European Parliament press release here.