Tough Oversight Planned for Banks EU To Establish Powerful Financial Authority

Banks in Europe are facing tough new scrutiny from a planned European financial supervisory authority. It would be more powerful and could take action to prevent systemic problems if national authorities did not.
The Frankfurt Skyline: The new EU authority will be able to intervene in markets directly if national institutions don't move quickly and decisively enough to avert financial disaster.

The Frankfurt Skyline: The new EU authority will be able to intervene in markets directly if national institutions don't move quickly and decisively enough to avert financial disaster.

Foto: ddp
dsl -- with wires