Bundesbank leader Jens Weidmann wants out of the supervision game
German ECB Governing Council member think putting the ECB in charge of banking supervision was a mistake.
The central bank can't solve all problems and the role of supervisor should be left to someone else, he told several newspapers in a joint interview.
Weidmann said supervision could be a conflict of objectives because a central bank could now be the main creditor of a bank and be forced to liquidate it. Raising interest rates that could hurt a bank would also be a tough decision.
He was asked about succeeding Mario Draghi but said it wouldn't be appropriate to discuss.
