ECB advisory groups are used as lobby platforms by the financial industry, our new report shows. 'Open door for forces of finance at the ECB' reveals that the advisory groups counselling the European Central Bank are dominated by representatives of some of the most influential global financial corporations.
After years of claiming there was no need, the Commission has finally reformed the horizontal rules that govern its advisory groups, formally called 'Expert Groups'. There are two positive changes, relics from the last Commission, yet the reforms leave big business unchallenged in dominating the groups and therefore steering policy. Is this the end of Expert Group reform for another five years, or will the European Parliament have one last throw of the dice?