Gold Magazine November - December 2013, Issue 32 | Page 91

banking

BANKING UNION

{ECONOMY}

PROGRESSES
AT SNAIL’S PACE

EU FINANCE MINISTERS ADOPT REGULATIONS
PAVING THE WAY FOR A SINGLE BANK SUPERVISION
IN THE EUROZONE BUT FAIL TO MAKE SIGNIFICANT
PROGRESS ON A SINGLE RESOLUTION MECHANISM.
By Philippe Gudin de Vallerin

I

n October, the ECOFIN
Council adopted the regulations creating a Single
Supervisory Mechan