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ECB mulls delegating power to ease oversight burden
One option being considered is 'umbrella decisions' that can cover multiple cases, sources say
Published Tue, May 5, 2015 · 09:50 PM
Frankfurt
THE European Central Bank (ECB) is considering delegating more power to its supervisory arm to avoid monetary policy makers becoming entangled in low-level details, said people familiar with the matter.
Since assuming oversight of the euro area's largest …
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