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Monday 5 June 2023 Dublin: 7°C

# Single Supervisory Mechanism

All time
# Single Supervisory Mechanism
Ireland's biggest banks are getting a new regulator today and here's how it's going to work
Fine Gael MEP Brian Hayes explains the detail of the new pan-eurozone Single Supervisory Mechanism.
# Explainer
The ECB is back in town. Here's why.
Frankfurt set for bigger role in regulating and punishing Irish banks.
# Debt Relief
Noonan says bank debt deal cannot be 'actively' pursued until 2015
The Minister for Finance met with the head of the eurozone’s permanent bailout fund, Klaus Regling, who reiterated his own view that any retrospective deal is not likely at the moment.
# Brussels
Extra Banking Union meeting needed after ministers fail to reach agreement
Eurogroup ministers met earlier this week on the topic, but only agreed on general principles.
# Bailout exit
Eurozone finance ministers meet today as Ireland looks to December's bailout exit
With Ireland set to exit the Troika programme on 15 December, the question now is whether we’ll need a precautionary credit facility to ease it back into normal lending markets.
# banking union
Ireland leads deal with European Parliament on new banking watchdog
The deal with the parliament means that MEPs will now get the ability to pick the leaders of the supervisory board.
# oh mein gott
Here's the exact transcript of Angela Merkel's comments in Brussels
“It will not be a retroactive direct capitalisation. If recapitalisation is possible, it will come for the future.”
# European Council
Merkel rules out backdated ESM help for bailing out Europe’s banks
The German chancellor tells a news conference there “will not be any retroactive direct recapitalisation”. That’s us told.