The European Central Bank's new supervisory role will see it monitor only 130 lenders on a day-to-day basis. Photo: Bloomberg
The European Central Bank's new supervisory role will see it monitor only 130 lenders on a day-to-day basis. Photo: Bloomberg

EU banking union a nice idea but devil's in the detail

Proposed European regulation is becoming ever more diluted, limiting its potential effectiveness

The European Central Bank's new supervisory role will see it monitor only 130 lenders on a day-to-day basis. Photo: Bloomberg
The European Central Bank's new supervisory role will see it monitor only 130 lenders on a day-to-day basis. Photo: Bloomberg
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