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ECB calls for European supervision of funds

ECB calls for European supervision of funds
FILE PHOTO: The headquarters of the European Central Bank (ECB) and the Frankfurt skyline with its financial district are photographed on early evening in Frankfurt, Germany, March 25, 2018. REUTERS/Kai Pfaffenbach   -   Copyright  KAI PFAFFENBACH(Reuters)
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FRANKFURT (Reuters) – Investment funds should be supervised at a European, rather than national levels, because a crisis there would be felt across the region, the vice president of the European Central Bank said on Friday.

“We should consider elevating the supervision of investment funds and the potential activation of macroprudential tools to the European level,” De Guindos told an academic conference.

(Reporting By Francesco Canepa)

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