The European Commission has published its proposals for the transfer of supervisory responsibilities to the European Central Bank, under Article 127(6) of the TFEU, providing a comprehensive and courageous ‘first step' towards a European banking union, the other steps being European deposit...

European financial regulation and supervision have undergone tremendous changes over the last years. The current institutional arrangements adopted in Europe, at both EU/eurozone and national level, are the results of an evolutionary process that was mainly driven in its recent phases by the...