Factbox: Europe agrees to make ECB chief euro zone watchdog for banks

Published December 13, 2012

| Reuters

BRUSSELS – European Union finance ministers agreed on Thursday to make the European Central Bank the chief supervisor for banks in the euro zone, a move designed to underpin the currency and its financial system.

Here are the main elements as well as what must come next:

(Reporting by John O'Donnell, Robin Emmott, Huw Jones, and Jan Strupczewski; Editing by Lisa Shumaker)

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