News Headline Summary

ECB's Weidmann says legacy bank debt mutulization would be problematic

Says:

- Sees banking union driving mutualization of risk.
- Sees potential conflict in ECB becoming Bank supervisor.
- Banking union in itself can be stabilizing.
- Putting ECB in charge of banking supervision would risk compromising primary goal of price stability.

Reaction details (01:16)

- EUR/USD has been unreactive to these comments, trades 1.2772 (-9 pips) last.

16 Nov 2012 - 00:55 - Fixed Income Bank Speaker - Source: Newswires

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