ECOFIN to study banking supervision plans in July

BELGIUM - EU finance ministers will take a further look at banking supervision plans at their meeting in July, Spanish finance minister Rodrigo Rato and EU economic and monetary affairs commissioner Pedro Solbes have said.

The Spanish presidency of the EU is trying to reconcile a push by Germany and the UK to put banking supervision in the hands of independent watchdogs with the European Central Bank's desire for central banks to retain the role.

Rato and Solbes told a press conference that the