BBA welcomes progress on EU banking supervision1

"The British Bankers' Association welcomes the progress made by the European Council and supports the objective of getting the new agencies up and running by 1 January 2011.‪ ‪ We continue to believe that the new authorities will play an important part in enhancing the quality of banking supervision across the EU but believe it is vital that they are not put in a position to second guess the decisions made by national supervisors."

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