European Central Bank Executive Board member Yves Mersch said the institution’s latest policy decisions have shifted the responsibility to financial institutions and governments for rekindling euro-area lending.
In the abandoned building that once housed the Athens Stock Exchange, artist Teo is shuffling between the Fool, the Magician and the Devil in a Tarot card reading to divine the fate of the crippled Greek nation.
Regulators outnumber bankers at Frankfurt’s biggest finance conference this week, underlining their importance as the European Central Bank prepares to scrutinize the books of the euro area’s largest lenders.
European Central Bank Executive Board member Yves Mersch said stress tests on euro-area banks will probably simulate three years of negative economic conditions as part of a check on the financial system’s health.
The European Central Bank said France’s Daniele Nouy is its pick to lead the region’s new bank supervisor, after a year-long spat over gender diversity highlighted the lack of women in top central-bank jobs.
European Union companies may soon be forced to favor women over equally-qualified men for supervisory board seats after EU lawmakers backed draft rules that would impose a 40 percent quota for female directors.