The ECB is due to begin supervising the euro zone’s biggest banks in a week’s time in a major shift of power away from national supervisors to a pan-European regulator

in Frankfurt Eleven banks must submit plans to the European Central Bank within the next fortnight outlining how they will meet a collective shortfal(...)

The tower of the new European Central bank (ECB) (R) is pictured next to the former market hall ‘Grossmarkthalle’ at the site of the new ECB headquarters in Frankfurt. Photograph: Ralph Orlowski/Reuters

The European Central Bank’s new banking watchdog will establish a whistleblower system to get tips on banks that may be breaking its rules and will se(...)

Danièle Nouy: said her institution “will not shy away from having banks wound up”. Photograph: Cyril Byrne

Euro zone banks in need of fresh capital will be able to tap Europe’s ESM bailout fund as a last resort, the head of the bloc’s new banking regulator(...)

European banks are in better shape than markets think, the head of Europe’s new banking watchdog has said. Photo: Bloomberg

European banks are in better shape than markets think, the head of Europe’s new banking watchdog has said.The Single Supervisory Mechanism (SSM), whi(...)

Daniele Nouy, chair of the ECB’s new supervisory arm, the Single Supervisory Mechanism said “intensive activity” on the asset-quality reviews of euro zone banks was continuing.

The European Banking Authority yesterday unveiled plans for how it will test the health of Europe’s biggest b(...)

“I love being in Dublin. It’s a very enjoyable city. It’s by the sea with fresh air.” Cyril Roux at the Central Bank in Dame Street, Dublin. Photograph: Dara Mac Dónaill

Cyril Roux’s eyes light up when his in-house press handler says the tea and coffee are on their way. “This is a cold room,” he says with(...)

Single Supervisory Mechanism (SSM) head Daniele Nouy said it needed to be accepted that some banks had no future

Some banks need to fail a sector-wide review of their financial health in order to make the exercise credible, the head of the euro zone’s new banking(...)

Dutch minister for finance Jeroen Dijsselbloem gestures while speaking with Minister for  Finance  Michael Noonan, Spanish economy minister Luis de Guindos and Portuguese minister for finance Maria Luis Albuquerque in Brussels yesterday.  Photograph: AP/Virginia Mayo

Euro zone finance ministers gathered in Brussels yesterday in advance of today’s meeting of all 28 EU finance ministers. The brevity of the meeting, a(...)

Daniele Nouy has worked at the Bank of France since 1974, was elected in 2006 as president of the Committee of European Banking Supervisors -- the predecessor of the European Banking Authority -- and is currently the secretary-general of the French Prudential Control Supervisory Authority. Photographer: Mark H. Milstein/ Bloomberg News.

Last-minute resumes sent to Mario Draghi for the European Central Bank’s new financial supervisor job are unlikely to feature many men. Ten months aft(...)