Trichet prepared for ECB to start supervising banks

01/22/2009 | Financial Times (free content)

European Central Bank President Jean-Claude Trichet told the European Parliament that granting the bank legal powers for it to overtake supervision of the region's banks would be fairly simple. Trichet said the central bank's governing council has not taken a position regarding the future of bank supervision in the EU. "As far as I am concerned personally, I stand ready," he said.

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