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Europe Daily Bulletin No. 10748

11 December 2012
ECONOMY - FINANCE - BUSINESS / (ae) banking
Bank supervision details firm up

Brussels, 10/12/2012 (Agence Europe) - Following a fruitless ECOFIN Council last week, the Cypriot Presidency has prepared a new draft compromise on legislation to introduce a eurozone bank supervision system under the aegis of the ECB that would cover the area's 6,000 or so banks in varying manners depending on their size (see EUROPE 10744). Ahead of the special ECOFIN Council meeting this Wednesday, national Council of Minister experts worked on the matter last Thursday and Friday and the...

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