ECB monetary policy and supervisory powers

Pamela Nika discusses the intertwined relationship between the objectives of banking supervision and monetary policy.  A major GFC led to policymakers to the realisation that there were gaps in the existing regulatory and supervisory framework, which subsequently opened the way for the central banks’ involvement in both micro- and macro-prudential supervision at international and EU level.

Image courtesy of interviewee. June 25, 2019

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