Press conference by Michel Barnier on the proposal for a Single Resolution Mechanism for the Banking Union
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.
Type: Complete press conference Reference: I-080404 Date: 10/07/2013 Duration: 33:35 DG:Directorate-General for CommunicationLocation:Brussels - EC/Berlaymont Thesaurus: Banking and stock exchange activity, Euro area, Financial supervision, Single Market,European Central Bank Personalities:Michel Barnier
EC - Audiovisual Service