- Single bank supervisor important for stability
- Opposes a 2-tier supervisory system
- Threshold for ECB oversight should be low
- ECB should pick the supervisory board chairman, approaching ‘very good compromise’ on supervisor
- Supports 1 member 1 vote on supervisory board
- EU is open to treaty revision on ECB supervision
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EU’s Barnier : ECB should be able to supervise any bank
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