daytraders after market lounge 13th dec 2012, page-4

Europe gets deal to make ECB regional regulator

European Union financial ministers struck an agreement early Thursday to move the bloc closer to banking union by bringing the region's largest lenders under a single supervisory authorities, reports from the region said. Under the deal announced after midnight, the European Central Bank will be given oversight over all banks with either more than 30 billion euros ($39 billion) in assets or which have a large presence within a member economy, the Associated Press reported.

http://www.marketwatch.com/story/europe-gets-deal-to-make-ecb-regional-regulator-2012-12-12?link=MW_home_latest_news