The European Commission wants the European Central Bank to act as the supervisor for all major banks in the euro area, German business daily Handelsblatt reported Friday.
The Commission is expected to put forward a proposal in this regard in September. According to the plan, the respective national authorities will be supervising the day-to-day activities of the banks and the ECB will intervene whenever there is a "dangerous risk."
Earlier, Germany had indicated that it would like the central bank to supervise only 25 biggest banks of the currency bloc.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.