News Headline Summary

EU finance chiefs reach agreement on ECB supervision, according to EU officials

- EU's Barnier hails historical accord on ECB bank oversight and says Europe has shown capacity to take action. He says EU joint resolution plan to come in 2013; says about 200 banks will get direct ECB supervision; says Deal paves way for ESM to aid banks before March 2014.
- EU's Faull says ECB oversight decision was unanimous.
- French finance minister Moscovici says ECB will be supervisor for all banks and ECb is to supervise 3 biggest banks in every country.

Reaction details (03:32)

- No immediate reaction observed in EUR/USD, trades 1.3077 (+5 pips) last.

13 Dec 2012 - 03:29 - Equities - Source: Newswires

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