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Troubled Spanish banks like Bankia would come under ECB supervision (Photo: Carlos Blanco)

Ministers at odds on banking supervision

Finance ministers on Tuesday (13 November) remained at odds over how to include non-euro countries in a planned banking supervision scheme for the eurozone, making a 1 January deadline increasingly unlikely.

Sweden led the charge against the plan tabled by the EU commission, which is aimed at setting up a new supervisory body within the European Central Bank and gradually extending its oversight on the 6,000 banks in the eurozone.

At the core of the problem is how to include the ...

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Troubled Spanish banks like Bankia would come under ECB supervision (Photo: Carlos Blanco)

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