Draghi in Group of Thirty Not an ECB Conflict, Watchdog Says

Mario Draghi’s membership in the Group of Thirty, a policy group with members from both private and central banks, doesn’t undermine his independence as governor of the European Central Bank, the ombudsman for the European Union said.

Draghi’s membership in the group doesn’t affect the “independence, reputation and integrity” of the Frankfurt-based ECB, the ombudsman said in a report on his website. The investigation followed a complaint from Corporate Europe Observatory, a group that aims to curb the influence enjoyed by corporations in EU policy making, according to its website.