While the European Central Bank has gained significant new powers and competencies—including supervisory roles and unconventional monetary policy tools—following a decade of financial crisis, its formal accountability framework remains largely unchanged and reliant on informal arrangements. This report by Positive Money Europe proposes actionable reforms within the existing Treaty framework to align the ECB’s democratic legitimacy with its expanded influence.
Recommended citation:
Jourdan, S. and Diessner, S. (2019) From Dialogue to Scrutiny: Strengthening the Parliamentary oversight of the European Central Bank. Positive Money Europe. Available at: https://www.positivemoney.eu/wp-content/uploads/2019/04/2019_From-Dialogue-to-Scrutiny_PM_Web.pdf.