More on the ECB supervision of Eurozone banks

Author: Eamonn Sheridan | Category: Central Banks

Summary article from the FT (paywall):

The reform requires governments to surrender jealously guarded control over national banks, in the most concerted financial integration project since the creation of the single currency. …

The package will still require approval from the EU parliament and the German Bundestag, a process that could take several months in total.

Eurozone agrees on common bank regulator