The largest bank health check ever undertaken in terms of the number of banks, their overall size, and their geographical reach is keeping thousands of bankers, supervisors, and auditors in overtime this summer in preparation for the launching of the European Central Bank as the eurozone’s lead bank supervisor at the beginning of November. The legality of this most ambitious … [Read more...] about Questionable Legality
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Why the call “Oliver Wyman go home” gets louder
How in the world could the European Central Bank (ECB) - who is becoming more powerful by the day as the eurozone lead-bank supervisor - has given away a big part of its new authority to a single consultant subsidiary of a U.S. financial service conglomerate in an age where U.S. and British spy masters rule the new cyber world in the interest of its commercial and financial … [Read more...] about Why the call “Oliver Wyman go home” gets louder