European Central Bank President Mario Draghi’s membership in the Group of 30 is being examined by the European Union ombudsman, Spiegel Online reported.
Nikiforos Diamandouros sent a questionaire to the ECB, asking the Frankfurt-based institution to assess by Oct. 31 Draghi’s role in the consultative group and whether it sees a conflict of interest in his membership, according to the online edition of the weekly news magazine. The query follows a complaint filed by the Corporate Europe Observatory association, Spiegel Online said.
The Group of 30 is a private, nonprofit organization of bankers and economists, whose members include former ECB President Jean-Claude Trichet, former Federal Reserve Chairman Paul Volcker and JPMorgan Chase International Chairman Jacob Frenkel. An ECB spokeswoman confirmed to Bloomberg News that it received the questionaire.
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