Reuters: Regulatory News: Top euro zone banks need own watchdog-ECB's Asmussen

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Top euro zone banks need own watchdog-ECB's Asmussen May 31st 2012, 13:10 FRANKFURT | Thu May 31, 2012 9:10am EDT FRANKFURT May 31 (Reuters) - The most important banks in the euro zone should be supervised by a supranational watchdog rather than just national authorities, European Central Bank Executive Board member Joerg Asmussen said on Thursday. "The most direct solution would be to build a supervisory authority in the euro zone for the biggest, systemically most important banks, maybe 25 or so," Asmussen said in a closed-door event organised by Atlantik-Bruecke in Frankfurt. An ECB spokesman confirmed the quote to Reuters.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions