Brussels, 17/12/2012 (Agence Europe) - European banks have welcomed the agreement on the eurozone bank supervision system under the aegis of the ECB reached by the ECOFIN Council last week (see EUROPE 10751).
The European Banking Federation (EBF) welcomed the agreement as a good starting point for the supervision system and more integrated practices needed for a banking union. The ECF says the ECB must be given the ultimate responsibility over the 6,000 or so banks in the eurozone in order...