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Europe Daily Bulletin No. 10687

13 September 2012
ECONOMY - FINANCE - BUSINESS / (ae) banking
Barnier says eurozone bank supervision is unprecendented

Brussels, 12/09/2012 (Agence Europe) - EU Internal Market Commissioner Michel Barnier said on Wednesday 12 September that the draft legislation unveiled by the European Commission the same day to give the European Central Bank over-riding powers over bank supervision in the eurozone was unprecedented in terms of polling economic and financial sovereignty (see EUROPE 10686). Moving from coordination of national bank supervisory bodies to integrated supervision of all the 6,000-odd banks in...

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