Plans for a single supervisory banking mechanism are progressing well say the European Commission, and confirm that the details of the system are set to be announced in the Autumn.

The ongoing talks are in line at what was decided at the European Council leaders’ summit in June, where it was proposed that the European Central Bank (ECB) would assume a significant amount of the responsibility for the administration of a banking supervisory body.

The scope of the ECB’s role...

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