15.04.2013 - 17:23 [ Europäische Zentralbank E.Z.B. ]

Speech by Mario Draghi, President of the ECB, at the “Room for discussion” of the Study Association SEFA and the Faculty of Economics and Business, Amsterdam,15 April 2013

As regards the banking union in particular, a first and important step has been made with the decision to create the Single Supervisory Mechanism (SSM), the responsibility for which has been assigned to the ECB in the last Ecofin. I am confident that the SSM’s euro area perspective will make a significant contribution to safeguarding financial stability in the monetary union.