Bond vote highlights flaws in ECB’s governance: Ex-FSA head Davies


The European Central Bank's (ECB) vote on its decision to buy government bonds outright underlines flaws in its governance, said Howard Davies, the director of the London School of Economics and a former deputy governor at the Bank of England.

In an interview with last Friday, Davies said: "It's the first time the ECB has said there was a vote. They actually said this was done by a majority view. That could be the thin end of a rather intriguing wedge because you then end up

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: