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

To contact the editor responsible for this story: Frank Connelly at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.