Economics
Draghi Summons Banking Know-How for ECB Posts as Role Shifts
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Mario Draghi is seeking economists who understand banks, and he’s not afraid to look outside Frankfurt to find them.
As the European Central Bank assumes the mantle of euro-area financial supervisor, its president has just staffed two key monetary-policy posts with non-ECB experts on how lenders function in the economy. The appointments mark a trend of turning to outsiders as the 16-year-old institution struggles to meet its changing responsibilities with existing staff.