Reuters: US Dollar Report: Whole EU backs bank oversight role for ECB - Welt

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Whole EU backs bank oversight role for ECB - Welt Jun 22nd 2012, 06:46 BERLIN, June 22 | Fri Jun 22, 2012 2:46am EDT BERLIN, June 22 (Reuters) - All 27 countries in the European Union will support giving the European Central Bank a bigger supervisory role for the bloc's banking system at next week's summit, German newspaper Die Welt reported on Friday, citing EU diplomats. European Council President Herman Van Rompuy has mustered the support of all member states to ask the European Commission to draw up concrete plans for making the Frankfurt-based ECB the new central oversight body as soon as possible, it said. "Van Rompuy has the backing of all 27," the newspaper quoted one diplomat as saying. The paper said there had been no decision yet on what would happen to the London-based European Banking Authority (EBA), the existing supervisory body whose role has been criticised, among others by German Chancellor Angela Merkel.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions