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
Appeared in print on 14.02.2013
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.