IMF urges regulatory role for ECB

Europe's ability to cope with a financial crisis would be hampered by its fragmented supervisory regimes, the International Monetary Fund warned 5 June 2007 in a report that proposed giving the European Central Bank a role in an integrated regulatory system.

IMF: Concluding Statement of the IMF Mission on Euro-Area Policies; In the Context of the 2007 Article IV Consultation Discussions with the Euro-Area Countries, 30 May 2007 http://www.imf.org/external/np/ms/2007/053007.htm

European Central Bank: Financial Stability Review http://www.ecb.int/pub/fsr/html/index.en.html

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