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ECB chief Draghi wants a "serious" supervisor, that doesn't damage the central bank's reputation (Photo: European Parliament)

Draghi seeks to allay German concerns on banking union

European Central Bank chief Mario Draghi on Thursday (6 December) sought to downplay a clash of views with the German government over the scope of a new banking supervisor by suggesting a bigger role for national supervisors when it comes to small regional banks.

Setting up the new supervisor for all 6,000 banks in the eurozone is "crucial" to boost market confidence at a time when eurozone recession is now projected to last well into 2013, Draghi said during a press conference followin...

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ECB chief Draghi wants a "serious" supervisor, that doesn't damage the central bank's reputation (Photo: European Parliament)

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