Mersch: Banking Supervisory Could Be Delayed

Politics ♦ Published: August 29, 2013; 20:45 ♦ (Vindobona)

At the Forum Alpbach Yves Mersch, member of the ECB’s (European Central Bank) executive board, presented himself sceptical about whether or not a punktual start of a uniform European banking supervision could take place.

Mersch: Banking Supervisory Could Be Delayed / Picture: © Vindobona.org

The planned introduction of a uniform European banking supervision could, according to ECB’s board member Yves Mersch, be delayed. If the European Parliament agrees on the reglation in their plenary week between September 9 and 11, the supervisory board has to be established as soon as possible and bureaucratic obstacles need to be overcome, Mersch said on Thursday afternoon in a…