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The Jehoshua Novels

Eurozone agrees ECB banking supervision rules

BBC, December 13

European finance ministers have reached a deal on rules for supervising eurozone banks, ahead of an EU summit.

Around 200 of the biggest banks will come under the direct oversight of the European Central Bank, which will act as chief supervisor of eurozone banks.

The agreement [PDF] – a key step towards banking union – will be put before European leaders later on Thursday.

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