News Headline Summary

German finance minister Schaeuble says agreement reached on EUR 30bln oversight threshold and ECB is to have power is to scrutinize individual banks.

Says:

- Sees EU bank supervisor set up by March 2014.
- ECB is to have power to scrutinize individual banks.
- ECB council won't have final say on bank regulations.
- Wants ECB oversight in full in 2014.

Print 03:48, 13 Dec 2012 - Asian News - Source: Newswires