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Extracts from the press conference by Michel Barnier on the proposal for a Single Resolution Mechanism for the Banking Union

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On 10 July 2013, Michel Barnier, Member of the EC in charge of Internal Market and Services, presented in Brussels the proposal for a Single Resolution Mechanism for the Banking Union, just adopted by the European Commission. The European Commission proposed a Single Resolution Mechanism (SRM) for the Banking Union. The mechanism would complement the Single Supervisory Mechanism (SSM) which, once operational in late 2014, will see the European Central Bank (ECB) directly supervise banks in the euro area and in other Member States which decide to join the Banking Union.
SHOTLIST LINK INFO PRESS MEMO

Type: Summary of press conference   Reference: I-080405   Date: 10/07/2013   Duration: 03:27   DG: Directorate-General for Communication Location: Brussels - EC/Berlaymont  
Thesaurus: Banking and stock exchange activity, Euro area, European Central Bank, Financial supervision, Single Market, Single Market, Single Market,European Central Bank
Personalities: Michel Barnier
Director : Codogno Elaine Producer : EC - Audiovisual Service
Languages: ORIGINAL,

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03:27 Extracts from the press conference by Michel Barnier on the proposal for a Single Resolution Mechanism for the Banking Union
Extracts from the press conference by Michel Barnier on the proposal for a ...
Ref: I-080405
Date: 10/07/2013
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