ECONOMY - FINANCE - BUSINESS / Banks

Danièle Nouy further clarifies competences of ECB in framework of Latvian ABLV bank case

Brussels, 04/05/2018 (Agence Europe)

In response to several letters from MEP Sven Giegold (Greens/EFA, Germany), the president of the single supervisory committee of the European Central Bank (ECB), Danièle Nouy, has once again clarified the competences of the monetary institute following the recent case of the failure of the Latvian bank ABLV.

In her letter, dated 3 May, Nouy goes into details on this “money laundering incident”, which highlighted the limits of the ECB's powers (see EUROPE 11969).

She starts by reminding...