Skip to comments.European Central Bank hires controversial consultancy for bank audit
Posted on 09/26/2013 9:25:31 PM PDT by Olog-hai
The European Central Bank (ECB) on Tuesday (24 September) said it hired Oliver Wyman, a US-based financial consultancy, to help out with a thorough audit of the 130 largest banks in the eurozone.
The review of the banks balance sheets and capital needs is a prerequisite for the ECB to take on a new taskthat of a single supervisor (SSM) for these systemic banks.
Oliver Wyman is a known name in the world of eurozone bailouts and bank stress tests. Back in 2006, it famously said the Anglo Irish Bank was the best bank in the world. Three years later, the bank had to be nationalized and almost bankrupted the Irish state, which then needed a eurozone bailout.
(Excerpt) Read more at euobserver.com ...
Central is the key here, The system is being changed so that there will be 1 world bank where all the worlds money will be pooled and used they way they want to. Frank Dodd helped bring us to the table.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.