De Brauw Blackstone Westbroek is a leading international law firm, trusted by clients for over 150 years due to its deep engagement with their businesses and a clear understanding of their ambitions. While rooted in Dutch society, the firm offers global coverage through its network of top-tier law firms, ensuring seamless, tailored legal solutions. De Brauw’s independence enables it to choose the best partners while remaining a trusted, strategic advisor to clients worldwide.
The firm emphasizes long-term investment in both its client relationships and its people. De Brauw’s legal training institutes, De Brauwerij and The Brewery, cultivate diverse talent, preparing the next generation of top-tier lawyers through rigorous training and personal development. Senior leadership traditionally rises from within, maintaining the firm’s high standards and collaborative culture.
On Tuesday 19 March 2013 the European Council reached an
agreement with the European Parliament on the Single Supervisory
Mechanism (SSM).
The SSM is the first pillar of the European Banking Union and
grants the ECB direct supervisory powers with respect to Eurozone
banks. The agreed text is not yet published, but it is expected
that it is largely in agreement with the Council's proposal of
14 December 2012 as described in our
Legal Alert. More information on the agreement can be found in
the memo of the European Commission.
It is expected that a few amendments of a technical nature will
be made. The aim is that the regulation will be voted on in Q2 2013
and that the ECB will fully assume its new tasks in Q2 2014.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.