News Headline Summary

EU presidency crafts fresh compromise on single bank supervisor according to an EU draft

Says:
- Non Euro-zone members win the right of reply to ECB governing council on supervision.
- Draft appears to delay decision on who will supervise smaller banks.

Update details:

- It is worth of note that the ECB was originally meant to supervise the 6,000 banks within the Eurozone however German states are against the ECB supervising savings banks.

Print 16:10, 19 Nov 2012 - Economic commentary - Source: Newswires