France aims to get ECB's bank supervisory job

FXstreet.com (Barcelona) - France is proposing as candidate to head up the ECB's new bank supervisory role, Finance Minister Pierre Moscovici said on Monday, according to Reuters.

The authority will supervise over 150 of the largest euro zone's banks, starting in the first quarter of 2014. "We have a candidate for this post, it's not a mystery and I hope that she will convince," Moscovici said.

As Reuters notes: "The secretary general of France's ACP financial sector regulator, Daniele Nouy, has so far been cited as well placed to chair the board of the new body."

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

RELATED TOPICS