Skip to content
Subscriber Only

Draghi Ups the Pressure for ECB to Have More Power Over Clearing

Video player cover image

Goncalves, Abramowicz on a Slowdown in Euro-Area Inflation

European Central Bank President Mario Draghi told lawmakers that the time has come for him and his colleagues to seize added powers over central clearinghouses.

Draghi told the European Parliament a rethink is overdue because of clearinghouses’ greater importance since the financial crisis, and cited Brexit as an aggravating factor.