“The introduction of a banking union was a step that revolutionized European economic reality to a greater extent than economic and monetary union did” – said Andrzej Reich from the Polish Financial Supervisory Authority, who was the keynote speaker during the 137th mBank-CASE Seminar “Banking union – State of the Art”, which took place on April 9, 2015.
Officially, the banking union came into force on November 4, 2015. The idea was conceived in June 2012 during a European Union summit held in Brussels. Yet it is assumed that it was created much earlier, at the turn of the …read more