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Banking Supervision: Nowotny Warns of Botch

Published: July 10, 2012; 20:06 · (Vindobona)

The governor of the Austrian Central Bank (OeNB) thinks that the timeline fort he planned unified banking supervision authority is „very short“.

Banking Supervision: Nowotny Warns of Botch / Picture: © Wikipedia / Christian Wirth (Wirthi)

Until the end fof 2012, the European banking supervision authority should be established. At the EU summit two weeks ago, the heads of government proposed to enlarge ECB´s competencies massively. The European Central Bank should become the only supervising banking authority in the Eurozone. At the moment, the European banking supervision authority is EBA. However, EBA has no right of…

This article includes a total of 209 words.

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