Oireachtas Joint and Select Committees

Wednesday, 21 January 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Mr. Klaus Regling:

What the Senator is indicating is that central bank governors of the euro area have two hats. One is the management of their national central banks at home, but when they attend the meetings in Frankfurt as the ECB they are there in their personal capacity. The Maastricht treaty is very clear on this - they are not representing their country.

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