Date: 14th January 2019
Author: BETTER FINANCE
Type: In the news
The European Union’s auditors are doubling down their fight with the European Central Bank, citing three occasions on which it denied access to crucial documents. The ECA asked the European Parliament and the EU member states to take its side on this conflict ensuring that any documents that they deem necessary could be obtained. According to Klaus-Heiner Lehne, the president of the European Court of Auditors, given the risks to public funds posed by potential bank failure, it is “essential that we have full powers to audit the ECB’s supervisory activities”.
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