The European
Union's ethics watchdog is quizzing the President of the European
Central Bank, Mario Draghi, over his and the ECB's involvement in an
exclusive forum with bankers and fund managers.
In a letter
to Draghi that was published on Friday, European Ombudsman Emily
O'Reilly said the meetings of the Group of Thirty, where central
bankers, economists and financiers talk behind closed doors, are "not
transparent" and questioned the ECB president's membership of
the club.
"Where
ECB members attend meetings organized by the Group of 30, they must
abide by Treaty transparency requirements," O'Reilly said in
the letter. "However, Group of 30 meetings are not
transparent."
O'Reilly,
who watches for ethics lapses at European institutions and can make
non-binding recommendations, asked the ECB whether it would consider
publishing agendas and summaries of those meetings.
Draghi has
until September to reply to the letter in writing.
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report:
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