ECB Constancio: EU regulator generally required for large international banks

Market news

22 October 2012

ECB Constancio: EU regulator generally required for large international banks

Among the banks, which will directly control the ECB will probably include one British bank
The ECB will monitor the activities of only 25-30 banks directly
Banking Association is not a threat to the single market
Summit conclusions regarding the banking supervision "justified"
"It is clear" that the banking supervision in the EU will not be ready by year-end
Regulation of most banks can still take place at the national level

European stocks close in minus: FTSE 100 5,882.91 -13.24 -0.22% CAC 40 3,483.25 -21.31 -0.61% DAX 7,328.05 -52.59 -0.71%

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