The EU is due to unveil today proposals to turn the ECB into the eurozone's banking supervisor...

|By:, SA News Editor

The EU is due to unveil today proposals to turn the ECB into the eurozone's banking supervisor by 2014 in what would be the first step towards a full banking union. The ECB would begin overseeing the bloc's largest banks from July 2013 and smaller institutions six months later, although national authorities would retain control of daily supervision.