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Bundesbank chief Jens Weidmann is "not convinced" the ECB is the best institution to supervise banks (Photo: Chatham House)

Bundesbank sceptical on EU banking union

Germany's central bank has poured cold water over a recently agreed deal of putting the European Central Bank (ECB) in charge of supervising banks in the eurozone.

A legal opinion by the Bundesbank, seen by Der Spiegel magazine, raises concerns over the landmark deal reached last week by finance ministers to put the ECB directly in charge of 150-200 of the largest banks in the ...

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Bundesbank chief Jens Weidmann is "not convinced" the ECB is the best institution to supervise banks (Photo: Chatham House)

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