ECB on collision course over plan to regulate EU

EUROPE - The European Central Bank has put itself on a collision course with European financial regulators, including Britain's Financial Services Authority, over the ECB's ambitions to play a role in banking supervision.

At a lunch in Frankfurt earlier this month, Wim Duisenberg, the ECB's president, and Sir Howard Davies, chairman of the FSA, set out widely differing views and failed to reach a compromise.

Tommaso Padoa-Schioppa - an ECB director who was last month given responsibility for ba

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