'Year or so' for EU bank reforms
- Published: 13 Oct 2012 at 14.49
- Online news: World
European Central Bank chief Mario Draghi says reforms to the way European Union banks are supervised would probably not take effect for another "year or so".
Firm commitment to banking reform is more important than the deadline, says ECB chief Mario Draghi.
Political leaders have been working toward agreement on a single European banking supervisory body by the start of next year, but Draghi said it would not be operational on Jan 1.
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