Euro zone banks should expect 'intrusive' ECB supervision
Tweet
Share
E-mail
FILE PHOTO: Daniele Nouy, chair of the Supervisory Board of the European Central Bank, speaks at a Thomson Reuters newsmaker event at Canary Wharf in London November 28, 2014. REUTERS/Neil Hall/File Photo
FRANKFURT (Reuters) - Euro zone banks need to improve their internal governance and should expect more supervision, including over management pay, European Central Bank supervisor Daniele Nouy said on Thursday.
"We will continue being tough and intrusive," Nouy told a conference in Frankfurt. "And we will use all the tools that we have developed in recent years.
"We will also take a close look at remuneration schemes to see whether they are conducive to the sound and prudent management of banks," she said.
(Reporting by Balazs Koranyi; Editing by Angus MacSwan)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Euro zone's current account surplus widens
- 'Bloodbath': Analysts react to Asian shares sinking on tech selloff
- Saab profit beats forecast as defence boom spurs surge in orders
Create E-mail Alert Related Categories
ReutersRelated Entities
European Central BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
