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EU Targets Sept. 11 Publication of ECB Bank Supervisor Plan

Aug. 24 (Bloomberg) -- The European Commission may publish measures on Sept. 11 to transform supervision of banks in the euro area as part of a push to break the currency region’s debt crisis.

The plans would hand supervisory powers to the European Central Bank in an effort to have “common and more integrated” regulation of lenders, the Brussels-based commission said in a statement on its website today. The measures should take effect “early in 2013,” it said.

The publication date of the plans may still change, the commission said.

To contact the reporter on this story: Jim Brunsden in Brussels at jbrunsden@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net

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