European Union leaders have agreed to introduce a single banking supervisor for the eurozone next year, a French Government source told Reuters.
It is thought that all 6,000 banks in the single currency area will come under the European Central Bank supervision by 2014, but most day-to-day oversight will be delegated to national bodies.
More top news
After a chilly start to spring with April frosts rather than showers finally warmer weather is on its way.
President Obama's daughter Malia has accepted a university offer from Harvard, according to her parents.
A man is being held by police after the body of a teenage girl was found in the sea.