: ECB Considering Centralizing Supervision of Banks



ECB President Jean-Claude Trichet says the European Central Bank is considering taking on greater powers.
(Carl de Souza/AFP/Getty Images)


January 13, 2009 | From theTrumpet.com


The European Central Bank may grab more power.

The European Central Bank (ecb) wants supervisory power over international banks. ecb President Jean-Claude Trichet has said the bank is considering taking on a bigger regulatory role.

“One currency, one interest rate policy, but a fragmented national supervision of the banking sector—last year’s economic troubles revealed an important flaw in the eurozone,â€