EU bank regulation debate intensifies


BRUSSELS -- The debate over banking supervision in the European Union intensified in April as Britain and Germany argued for keeping regulation under the aegis of national regulators, while many central bankers argued that the role should be left to the European Central Bank (ECB).

European banking supervision needs restructuring in order to cope with the new capital adequacy rules -- modelled closely on those proposed in the Basle II capital accord -- that the European Commission wants to bring

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