BBC reports it as a good idea (i.e. no contrary points of view allowed). Obviously, given the previous track record of the EU, this will be a tremendous success, and it certainly wouldn't be used by the French and Germans to legislate the City out of existence to benefit their own financial centres, of course not.
While the BBC liberally smears scare quotes over any proposal or phrase it is suspicious of, it reports an EU body calling for an EU power grab without even raising an eyebrow. Nor does it point out the truism that the further away a supervisory body is, the less accountable it is.
Still, it's another step on the way to political union, and that's good enough for the BBC.
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