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European Central Bank executive will not testify in CCB collapse investigation

September 14, 2018 at 12:26pm

Chair of the Supervisory Board at the European Central Bank, Daniele Nouy said that, for the moment, she will not testify to a Research Committee regarding the collapse of Cyprus’ Co-operative Bank.

According to philenews, Nouy, who is regarded as President of the Single Supervisory Mechanism, which monitors the financial stability of banks in participating nation-states, believes that Cypriots who are involved in the case should testify first, before she takes the decision to come to Cyprus.

Nouy’s term at the ECB ends in December.

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CCB banking licence revoked