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The ECB will supervise 150 largest banks in the eurozone (Photo: Stephanie Jones)

EU negotiators agree on bank supervision

The heads of the European Parliament and European Central Bank (ECB) on Tuesday night (10 September) reached an agreement on transparency rules for the new bank supervisor which is to be created next year and which is to oversee the activity of the eurozone's 150 largest banks.

The European Parliament had postponed its vote, initially scheduled for Tuesday, while demanding more access to information about internal meetings at the new supervisor, to be set up within the ECB.

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