// IP Marketing video - START// IP Marketing video - END

France puts forward candidate to chair ECB

France puts forward candidate to chair ECB

PanARMENIAN.Net - France has put forward a candidate to chair the European Central Bank's new bank supervisory authority, Finance Minister Pierre Moscovici said on Monday, Jan 21, according to Reuters.

The authority will directly police at least 150 of the euro zone's biggest banks from March 2014 following talks with the European Parliament.

The secretary general of France's ACP financial sector regulator, Daniele Nouy, has so far been cited as well placed to chair the board of the new body.

"We have a candidate for this post, it's not a mystery and I hope that she will convince," Moscovici told a news conference after a meeting of the Eurogroup of eurozone finance ministers.

Moscovici declined to give the name of the French candidate.

The eurozone ministers elected their Dutch counterpart Jeroen Dijsselbloem as the new chair of the Eurogroup, a job for which Moscovici had at one point been considered as a candidate.

Moscovici, who backed Dijsselbloem for the job despite some reservations about the Dutchman's views on belt-tightening, insisted that France had not put forward a candidate for the ECB bank supervisor job as part of a broader deal on top jobs.

 Top stories
Armenia's economy is expected to expand by 5.8% in 2017 and grow further by 3.8% and 3.6% in the following two years, the UN said.
"7.5 million liters of wine were produced in the country in 2016, which is by 14% more than the amount produced a year earlier," Karapetyan said.
"There is ample proof that Monsanto's sprays have poisoned our environment contributing drastically to dying off of bees," Tankian said.
Armenia ranks 47 on the ease of doing business index against the 38 spot last year, the World Bank Group’s annual Doing Business report said.
Partner news