ECB chief views speed of reform as critical for success


The president of the European Central Bank (ECB), Mario Draghi, called today (October 9) for the speedy implementation of a single supervisory mechanism (SSM) in Europe to help bring stability to the trading zone. But his comment came the same day as two leading experts challenged the wisdom of speedily pushing through poorly thought-out changes to European bank regulation.

At a hearing of the European Parliament, Draghi discussed a number of forthcoming changes to the ECB's operations

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