On September 12, 2012 the European Commission published a proposal which will give the European Central Bank supervisory responsibility for all 6,000 banks in the Eurozone. Common supervision of banks is intended to lead to common fiscal responsibility for banks and so break the link between governments and their banks.
On Thursday September 27, 2012 please join Alexandria Carr, Of Counsel at Mayer Brown as she discusses whether this proposal is credible, legally robust, provides for effective supervision and, perhaps most importantly as it needs to be unanimously adopted by all Member States in the EU not just the Eurozone, likely to be politically acceptable.
Mayer Brown's Global Financial Markets Initiative helps clients deal with the legal and business challenges resulting from the ongoing turbulence in worldwide financial markets. By mobilizing the firm's global resources from multiple practices and offices, the Initiative provides clients with knowledgeable and timely counsel on a broad spectrum of their legal needs.