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Bank regulation is not the responsibility of the ECB. Each EU country is responsible for regulating its own banks. This is one of the criticisms of the EU syste
by akjj 14y ago
Bank regulation is not the responsibility of the ECB. Each EU country is responsible for regulating its own banks. This is one of the criticisms of the EU system: the currency is continent-wide, but there's no centralized bank regulator.
- claudius 14y agoAttempts have been made to establish a common regulator or at least a common set of rules for national regulators, but have been strongly opposed by a few more and more marginalised member countries.