Banking union  The establishment of a European banking union has been the subject of intense debate since the middle of this year. The term “banking union” refers to the creation of a single European system of banking supervision, a single resolution and restructuring mechanism and a single system of deposit protection.
BIS central bankers’ speeches  3  expectation, we will need to consider all the available information and assess its implications for the economic outlook before coming to a judgment. In addition, the July announcement set a condition of requiring “some further improvement in the labor market.” From May through July, non-farm payroll employment gains have averaged 235,000 per month.