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Europe Daily Bulletin No. 10670

4 August 2012
ECONOMY - FINANCE - BUSINESS / (ae) eurozone
Barnier says European regulator will supervise 6,000 banks

Brussels, 03/08/2012 (Agence Europe) - Banking Union, which will create a eurozone bank regulator overseen by the European Central Bank (ECB) will cover all banks in the eurozone, said EU Internal Market Commissioner Michel Barnier in an interview in French newspaper La Libération on Friday 3 August 2012. He said that there are some 6,000 banks in the eurozone, all of which will be regulated by the ECB. Barnier added that national bank regulatory bodies would continue to monitor banks,...