ECB 'conflict of interest' puts effective supervisory mechanism at risk

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A member of the European Parliament (MEP) negotiating the construction of a single supervisory mechanism (SSM) within the European Central Bank (ECB) says there is an inherent conflict of interest in the structure of the ECB that threatens its ability to create an oversight function.

Sven Giegold, a German Green MEP who is the European Parliament's rapporteur on the SSM, told Centralbanking.com that the highest level of decision-making at the ECB stems from the representatives of national centra

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