Block the ECB’s revolving door

If there is to be a new dawn for banking supervision in the eurozone, the ECB needs to manage its staff’s self-interest

In December, European Union leaders agreed to give the European Central Bank (ECB) powers to supervise the largest eurozone banks, starting in 2014. This will be a major culture shock for an institution used to policymaking rather than the ‘contact sport’ that is bank supervision. 

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