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ECB reliance on bankers' feedback raises capture risk: activist group

Reuters  |  FRANKFURT 

By Francesco CanepaFRANKFURT (Reuters) - The European Central Bank turns almost exclusively to bankers for advice and feedback on financial issues, exposing it to the risk of becoming too close to a sector it is meant to supervise, an activist group said on Tuesday.Corporate Europe Observatory (CEO), which monitors lobbying at European institutions, said in a report that 508 of 517 seats available on the ECB's advisory groups are taken by financial sector representatives.Banks under ECB supervision hold the majority of seats in the 22 groups, which the ECB uses to gather intelligence on ...

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First Published: Tue, October 03 2017. 16:51 IST