European ministers ink deal on bank oversight

3:22 AM, Dec 13, 2012   |    comments
European Union and member nations flags
  • Share
  • Print
  • - A A A +

BRUSSELS (AP) -- The European Union has agreed to create a single supervisor of banks for member states.

The decision was reached by finance ministers meeting in Belgium and would be a major step toward one of the most important transfers of financial authority away from national capitals.

The agreement, reached after an all-night session, still needs final approval.


Associated Press

Most Watched Videos