ECB beefs up financial stability wing
The European Central Bank (ECB) on Monday restructured its financial stability department in preparation for the establishment of the European Systemic Risk Board.
The ECB upgraded the department's status from directorate to directorate general, and made the wing's head Mauro Grande, now a director, one of 12 director generals.
The department, which at present is split between stability and supervision wings, will separate into three divisions: for surveillance, assessment and policy. Both the
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