ECB is set to dominate the European Systemic Risk Board

08/29/2010 | Reuters

Jean-Claude Trichet, president of the European Central Bank, is lined up to head the European Systemic Risk Board, while other members of the ECB will be on the 60- to 70-member board, positioning the central bank to dominate the supervisory superpower. The situation could bolster the ECB's influence in the greater financial system, but it could cloud the central bank's monetary-policy role and cause issues to its credibility if another financial crisis emerges.

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