March 22, 2018 / 9:19 AM / a year ago

Euro zone banks should expect 'intrusive' ECB supervision

FILE PHOTO: Daniele Nouy, chair of the Supervisory Board of the European Central Bank, speaks at a Thomson Reuters newsmaker event at Canary Wharf in London November 28, 2014. REUTERS/Neil Hall/File Photo

FRANKFURT (Reuters) - Euro zone banks need to improve their internal governance and should expect more supervision, including over management pay, European Central Bank supervisor Daniele Nouy said on Thursday.

“We will continue being tough and intrusive,” Nouy told a conference in Frankfurt. “And we will use all the tools that we have developed in recent years.

“We will also take a close look at remuneration schemes to see whether they are conducive to the sound and prudent management of banks,” she said.

Reporting by Balazs Koranyi; Editing by Angus MacSwan

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