ECB's Bini Smaghi on financial market supervision

In the speech 'Independence and accountability of supervision in the european financial market' given on 9 March Lorenzo Bini Smaghi of the ECB said the increasing European financial integration poses difficult challenges for the institutional supervisory setting.

"Clear arrangements for independence, accountability and sound internal governance of supervisory authorities are necessary to continue to build mutual trust in an integrated EU financial market. They are the basis on which their

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