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.

Analysis details (10:14)

- 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.

19 Nov 2012 - 10:10 - - Source: Newswires

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