Reuters logo
EU agrees new ECB banking supervisory role
December 13, 2012 / 3:36 AM / 5 years ago

EU agrees new ECB banking supervisory role

BRUSSELS, Dec 13 (Reuters) - European Union countries have agreed to allow make the European Central Bank the chief supervisor for banks in the euro zone, EU officials said on Thursday.

“There is a deal,” said one EU official.

The new system of supervision should be up and running by the end of next year although ministers agreed that this could be delayed if the ECB needs longer to prepare itself.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below