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Consultancies scoop big contracts on EU bank supervision

22.08.14 @ 09:28

  1. By EUOBSERVER

The European Central Bank and eight national regulators will spend up to €487.7mn on fees to consultancy firms and auditors for screening of the 128 biggest lenders as a “necessary first step” for establishing the pan-European banking union, reports the Financial Times. The Union applies to countries in the euro-area.