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The European Commission and the European Central Bank are working together to strengthen the Economic and Monetary Union. One of the tools developed to achieve the above goal is the Single Supervisory Mechanism, which gives the ECB the power to conduct supervisory reviews and reviews, enforce EU rules, impose higher capital requirements, and issue or revoke banking licenses. However, each EU Member State may have slightly different procedures and requirements regarding the registration of banks. https://www.confiduss.com/en/info/blog/article/european-bank-incorporation/