CEE Countries May Join Banking Union

Politics ♦ Published: December 13, 2012; 22:18 ♦ (Vindobona)

ECB will become the main supervisor for the Eurozone´s banking industry. Non-Eurozone member countries are entitled to opt-in.

CEE Countries May Join Banking Union / Picture: © Vindobona.org

In future, ECB will supervise 200 big banks in the Eurozone which are systemically relevant or which have received public aids. Banks with total assets of more than € 30bn or of more than 20% of the country´s GDP are systemically relevant.

Also those countries which are no Eurozone members are entitled to join the banking union. However, countries like Poland, the Czech…