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:

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

Print 05:55, 16 Nov 2012 - Asian News - Source: Newswires