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FRANKFURT (Reuters) - Europe’s insurers may get a single supervisor, mirroring a plan to centralize banking regulation under the European Central Bank, the head of the EU’s insurance rule-making body said on Tuesday.

“It will be very hard to have a single supervisory mechanism for banks and completely fragmented national supervision for the big insurance groups in Europe,” said Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority (EIOPA).

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