Posts Tagged Eu banking union

EU towards Banking Union

15 October, Luxembourg
ECOFIN approved legislation setting up the Single Supervisory Mechanism and discuss steps towards to Banking Union.
Please following the link for more details.



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More Trade News in Brief Week 28 (8 – 14 July 2013)

* Taiwan & New Zealand Sign FTA
Taiwan signed its first FTA with a developed economy, New Zealand.
Check here for more.
* Connecting Europe Facility
* EU – Single Resolution Mechanism (SRM)
The European Commission proposed a Single Resolution Mechanism (SRM) for the Banking Union, which would complement the Single Supervisory Mechanism (SSM).
Please follow the link for more.

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EU – Towards a Banking Union

With the banking union the European Union (EU) wants to break the link between Member States and their banks, to restore the credibility of the financial sector, to preserve tax payers’ money and to make sure that banks serve society and the real economy.
Three European supervisory authorities (ESAs) started work on 1 January 2011 to provide a supervisory framework:
–          the European Banking Authority (EBA)
–          the European Securities and Markets Authority (ESMA)
–          the European Insurance and Occupational Pensions Authority (EIOPA)
For more information please refer to the EU’s webpage.

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