News Headline Summary

German government official says "intensive discussions" on European bank supervision are still necessary in order to reach an agreement

Says:
- New proposals on European bank supervision are inadequate on key elements.
- Large Landesbanken are systemically relevant, should fall under European ban supervision.
- Equal participation of non-EU countries in European bank supervision must be assured, this may be the most difficult issue in negotiations.

Print 14:00, 22 Nov 2012 - Economic commentary - Source: Newswires