EU faces task of creating banking union in 2013


One of the biggest tasks facing the European Union in the coming year is to deliver on its far-reaching banking union proposal.

The ambitious plan will make the European Central Bank chief regulator of some of the largest lenders in Europe.

If achieved, the move will represent the most significant centralisation of national financial powers since the beginning of the crisis in the eurozone.

Nigel Cassidy reports.

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.