Eichel sets out vision for financial regulation

GERMANY - The German finance ministry unveiled on Apr 11 draft legislation to shake up the structure of the country's central bank and supervisory agencies in response to the arrival of the euro and changes in financial markets.

"The starting point is the launch of economic and monetary union on January 1, 1999...and Europe's goal of having an integrated financial market by 2005," Finance Minister Hans Eichel told a news conference.

In a double barrelled proposal, the management structure of th