Local view for "http://purl.org/linkedpolitics/eu/plenary/2014-04-15-Speech-2-193-500"

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"en.20140415.48.2-193-500"2
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"The banking union is the collective term for a package of new legislation to monitor, supervise and regulate the banking sector in Europe. The banking union comprises the following two pillars: The Single Supervisory Mechanism (SSM) and the Single Resolution Mechanism (SRM) which was adopted today. The banking union is designed to ensure that what happened in Ireland and Europe in terms of the banking collapse will never happen again. The adoption of the banking union should strengthen Irelandʼs legitimate case for a retrospective deal on its bank debt as these specific measures were not available to Ireland and the Irish taxpayer during the crisis."@en1
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