More European bank oversight needed

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The banks need to have a European regulator, that makes sure all banks are abiding by the strict standards set in each country, of course, finding the perfect regulator could be the biggest challenge yet for the banking sector

More European bank oversight needed

The U.K.’s markets watchdog says Europe should consider giving countries more power to regulate foreign banks they host — or letting a single European regulator do the job instead.
“We have to face the fact that we need either less Europe or more Europe,” said Adair Turner, who took over as FSA chairman in September and launched a detailed examination of banking regulation in the U.K.