News Headline Summary

ECB's Constancio says hopes banking supervision to be approved by year-end

Update details:

- Earlier this year, EU leaders have agreed to set up a single Eurozone banking supervisor, a legislative framework is to be in place by 1 January next year, with the body starting work later in 2013.
- However the ECB and the Bundesbank remain at odds over bank supervision and little progress has been made to resolve this.

Print 09:45, 26 Nov 2012 - ECB - Source: Newswires