Supervision expert to head new German regulator

GERMANY - German Finance Minister Hans Eichel will appoint banking supervision expert Jochen Sanio later this month to head Germany's new financial markets super-regulator, German media reported on Saturday.

Under a wide-ranging reform of the German financial services sector, From 1 May overall supervision of Germany's banks, stock markets and insurers will fall under the aegis of a new Federal Office for the Supervision of Financial Services.

The 55-year-old Sanio will be proposed to cabinet on

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