ECB Wants to Supervise All Banks

Politics ♦ Published: February 8, 2014; 14:58 ♦ (Vindobona)

For the European Central Bank, the current authority does not go far enough. The ECB wants to control all 6,600 banks in the Eurozone.

ECB Wants to Supervise All Banks / Picture: © Wikipedia / January

In November 2014, the banking supervision will commence work. The 130 largest banks in the Eurozone will be under direct control by the ECB. The bank supervision will be led by the 63-year-old French Daniele Nouy. Until the end of September, the ECB will publish a list of the 130 largest banks. However, according to the ECB, the responsibilities do not go far enough.

Now, the ECB…