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ARTICLE · 22 OCTOBER 2012

Consultation About Rules For Investment Funds

De Brauw Blackstone Westbroek
De Brauw Blackstone Westbroek
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De Brauw Blackstone Westbroek

De Brauw Blackstone Westbroek

Our clients are increasingly operating in South-East Asia and require legal assistance in the...

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The European Commission has put forward proposals for a single European supervisory mechanism for banks.

NetherlandsFinance and Banking

The European Commission has put forward proposals for a single European supervisory mechanism for banks. Under the proposals, the European Central Bank (ECB) will be responsible for supervision of all banks in the eurozone. The proposals contain:

  • a regulation giving the ECB powers to supervise all banks in the eurozone. Banks in non-euro countries may submit voluntarily to the ECB's supervision.
  • a regulation aligning the existing regulation concerning the European Banking Authority with the new structure for banking supervision.

The Commission has also published a communication setting out its vision for the banking union and addressing, among other things, the common rulebook and the single supervisory mechanism.

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