EU’s Single Bank Supervisor Plan Runs into Trouble

By Frances Robinson and Laurence Norman

NICOSIA, Cyprus–Europe’s plan for a new single bank supervisor hit its first major road block Saturday, with a number of countries saying that a proposed Jan. 1 2013 launch date left too little time to resolve key issues thrown up by the plan.

On the second day of a meeting of European Union finance ministers in Cyprus, at least four ministers voiced opposition to the supervisor’s start date — including the German, Swedish, Dutch and Danish ministers — said two people familiar with the discussion.

There were also widespread concerns about other aspects of …