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„ECB as Only Supervisor Not Likely“

Published: July 2, 2012; 19:20 · (Vindobona)

OeNB`s (Austrian Central Bank) Governor Ewald Nowotny does not think that ECB will act as only banking supervision authority.

„ECB as Only Supervisor Not Likely“ / Picture: © Agenda Austria 2020

At the EU summit last week, the heads of government proposed to enlarge ECB´s competencies massively. The European Central Bank should become the only supervising banking authority in the Eurozone. For Ewald Nowotny, this plan is „not realistic“.

„I do not think that it is likely to establish a unified and sole bank supervision department for thousands of banks in the…

This article includes a total of 108 words.

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