Supervisor role for ECB proposed
Filed under: News
The creation of a single supervisor for banks would be an important step towards a "banking union" - a unified playbook for all of the 6,000 banks in the eurozone that many think is necessary to dig the continent out of a crippling debt crisis.
The commission's plan needs to be approved by the European Parliament and the Council, where all 27 countries of the European Union are represented.
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