Europe continues its long journey to a banking union

EC director-general optimistic on future of single supervisory mechanism

European Commission's Jonathan Faull

It's been a busy week in Brussels and the pace is set to continue. Following last weekend's publication of the European Central Bank's comprehensive assessment, which included the results of the stress tests and an asset quality review for 130 banks, the ECB will take over as the region's banking supervisor on November 4 under the Single Supervisory Mechanism (SSM). Meanwhile, the newly formed European Commission – to be headed by Jean-Claude Juncker – takes office on November 1, following a

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