EU parliament threatens to delay ECB supervision
ReutersSTRASBOURG--The European parliament could delay new rules allowing the European Central Bank to supervise banks, a lawmaker said yesterday, flagging a potential hitch in one of the bloc's flagship financial reforms.
September 11, 2013, 12:11 am TWN
The threat was made as the European Union's legislature, led by its president Martin Schulz, demanded that the ECB be more accountable to EU lawmakers in its new role, a push that is being resisted by ECB President Mario Draghi, parliament members say.
The discussion paper between the two sides, obtained by Reuters over the weekend, shows that the ECB is resisting the parliament's draft requirements, among other issues, on detailed minutes of meetings on banking supervision, offering to provide “summaries” instead.