The Council of the European Union published on 14 December 2012 two proposals (n°17812/12 and n°17813/12) concerning the supervision by the ECB of the credit institutions located in a Member State belonging to the euro area or in a Member State which has acceded to this supervisory mechanism. The supervision by the ECB will intervene in cases where the assets of the credit institutions exceed 30 billion euros or represent at least 20% of the GDP of the country of origin.

This mechanism should be operational in March 2014