ECB adopts opinion on PAD: ECB has submitted to the Council and EP its opinion on PAD, of which it is strongly supportive. (Source: ECB Opinion on PAD)

Draghi speaks on the future of Europe: Mario Draghi, ECB's President, at the European Banking Congress, has spoken on how a European perspective applies in monetary policy and banking supervision. He said that, regarding the latter, a European perspective involves taking collective responsibility for banks operating in the single financial market. He rejected doubts about the credibility and comparability of the results of the comprehensive assessment of banks that will be subject to the Single Supervisory Mechanism (SSM), claimed that the SSM will increase cross-border lending and acquisitions, and called for an early introduction of the bail-in tool. (Source: The Future of Europe)