ECB 'stands ready' for new supervisory powers

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Frankfurt - Jean-Claude Trichet, president of the European Central Bank (ECB), has told the European parliament that his institution "stands ready" to take up the mantle of supervisory power in Europe. Trichet says it would be relatively easy to transfer supervisory responsibility to the eurozone's monetary authority to help avert future financial crises.

February will see the publication of the proposals of former French central bank governor de Larosiere, who was mandated by the European

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