{"id":4381,"date":"2020-03-13T13:29:31","date_gmt":"2020-03-13T13:29:31","guid":{"rendered":"https:\/\/www.sportsnewsforyou.com\/?p=4381"},"modified":"2020-03-13T13:29:31","modified_gmt":"2020-03-13T13:29:31","slug":"mixed-response-to-bank-supervisor-plan","status":"publish","type":"post","link":"https:\/\/googmn.com\/?p=4381","title":{"rendered":"Mixed response to bank supervisor plan"},"content":{"rendered":"<figure class=\"art\"><\/figure>\n<header>\n<h1>Mixed response to bank supervisor plan<\/h1>\n<\/header>\n<footer class=\"meta\">\n<p class=\"byline\">European Voice<\/p>\n<\/footer>\n<footer class=\"meta\">\n<p>\n\t\t\tBy\t\t\t<span class=\"byline\"><br \/>\n\t\t\t\t<span class=\"vcard\">Ian Wishart<\/span>\t\t\t<\/span>\n\t\t<\/p>\n<p class=\"timestamp\"><time datetime=\"2012-10-10T19:10:00+00:00\">10\/10\/12, 7:10 PM CET<\/time><\/p>\n<p class=\"updated\">Updated <time datetime=\"2014-04-12T23:49:00+00:00\">4\/12\/14, 11:49 PM CET<\/time><\/p>\n<\/footer>\n<p>EU leaders are to discuss a European Commission plan to introduce a single supervisor for banks in the eurozone \u2013 but they need to deal with many difficult issues before the proposal can take any meaningful steps forward. <\/p>\n<p>Michel Barnier, the European commissioner for the internal market, said he was still determined to reach agreement on the draft legislation by the end of the year. But he acknowledged that he would have to modify the proposal. \u201cI believe that our proposal can and needs to be improved in a number of areas,\u201d Barnier said at the conclusion of a meeting of European Union finance ministers in Luxembourg on Tuesday (9 October). <\/p>\n<p>He said that it was important to come up with a \u201cfair system\u201d for countries that are not in the eurozone but that want to be part of the supervisory system. One of the biggest sticking points is how the European Central Bank (ECB) \u2013 which is likely to take on the supervisory role \u2013 will give a voice to the non-eurozone countries that choose to fall under its authority. Barnier said that the solution \u201cfalls partly to the ECB\u201d rather than the Commission, as it was as much a legal problem as a political one. <\/p>\n<p>Non-eurozone countries, particularly the UK, have raised concerns about the effect the banking supervisor plan could have on the functioning of the London-based European Banking Authority (EBA) \u2013 the body that rules on cross-border banking disputes. If the rules stayed as they were, national supervisors and banks would be bound by EBA rulings, but the ECB would not. <\/p>\n<p>Barnier said that the Commission had to clarify relations between the EBA and countries under the single supervisory system \u201cto make sure all member states continue to accept the EBA as the arbiter in a market made up of 27 member states\u201d. <\/p>\n<\/p>\n<footer class=\"content-credits\">\n<h6>Authors:<\/h6>\n<dl class=\"vcard\">\n<dt class=\"credits-author\"><span class=\"vcard\">Ian Wishart<\/span>&nbsp;<\/dt>\n<\/dl>\n<\/footer>\n<p>Click Here: <a href='https:\/\/www.storerwc.com\/new-zealand.html' title='New Zealand rugby store'>New Zealand rugby store<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mixed response to bank supervisor plan European Voice By Ian Wishart 10\/10\/12, 7:10 PM CET Updated 4\/12\/14, 11:49 PM CET EU leaders are to discuss a European Commission plan to introduce a single supervisor for banks in the eurozone \u2013 but they need to deal with many difficult issues before the proposal can take any&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-4381","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/posts\/4381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/googmn.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4381"}],"version-history":[{"count":0,"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/posts\/4381\/revisions"}],"wp:attachment":[{"href":"https:\/\/googmn.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/googmn.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/googmn.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}