|
|
"The influence of national politics in supervision would be removed", the BDB said in a paper laying out its proposal for future bank supervision.
The BDB's demand that the ECB regulate all 6,000 eurozone lenders contrasts with the views of Germany's public sector and cooperative banks, who say central supervision is needed only for the 25 big banks that pose a threat to the financial system in the currency bloc.
There are some problems that would still need to be sorted out, such as the lack of administrative law giving the ECB powers to enforce its decisions over banks, and a mechanism for banks to redress ECB rulings they found unfair.
The BDB also suggests that the ECB could take over the voting rights of its member countries in organisations such as the European Banking Authority or the Basel Committee of bank supervisors, a move that would give the central bank extra heft relative to outsiders such as the UK.