„ECB as Only Supervisor Not Likely“

More+ › Comment ♦ 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…

or Log In

Fast News Search
Related News
Austrian Banks in CESEE „Too Ambitious“ (July 2, 2012)
„The end of the Euro would mean Europe´s Explosion“ (June 25, 2012)
Nowotny: „Bank Aids Rescue Economy“ (June 23, 2012)
Controversy About Nowotny (June 21, 2012)
Austrian Banks Report Small Growth in Lending (June 20, 2012)
Read More
Ewald Nowotny, EBA European Banking Authority, ECB European Central Bank, OeNB Austrian National Bank, Monetary Policy, EU European Union, Eurozone
Featured
See latest Vindobona Newsletter