Germany blocking SRM as ECB supervisory role is approved

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Germany blocking SRM as ECB supervisory role is approved

The European Council on Tuesday failed to make progress on the Single Resolution Mechanism (SRM), although it approved legislation to install the European Central Bank as single supervisor for eurozone banks. As some market participants expressed concern that upcoming stress tests could plunge European banks back into crisis mode, the ECB said it would release more detail on how the tests would be conducted next week.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article