Q&A: The eurozone's banking union
- Published
The ECB will oversee the eurozone's banks from its headquarters in Frankfurt
The 17-nation eurozone is moving to strengthen its banking sector by introducing common rules and protections. The idea is to make huge taxpayer-funded bank bailouts a thing of the past.
What is the "banking union"?
What powers will the supervisor have?
How will the Single Resolution Mechanism work?
How will the common deposit guarantee fund work?
When will all this happen?