ECB May Take Over Regulation of Europe Banks, Handelsblatt Says

The European Central Bank might take over the regulation of European banks, Handelsblatt reported, citing unidentified EU diplomats.

France, the ECB and German Chancellor Angela Merkel back the plan, which would increase the role of the ECB and would make the existence of the European Banking Authority superfluous, the newspaper said.

To contact the reporter on this story: Annette Weisbach in Frankfurt at aweisbach1@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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