Lautenschläger expects SSM to expand beyond eurozone
Vice-chair delivers speech with two months left on countdown
Sabine Lautenschläger, executive board member of the European Central Bank (ECB) expects some non-eurozone countries to opt in to the single supervisory mechanism (SSM) "over the coming years", on account of the credibility the ECB can lend to their supervisory regimes.
The SSM – the first step towards banking union in Europe – will be launched on November 4, after the results of the ECB's comprehensive assessment are published in the second half of October.
Initially the ECB will supervise
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