Madame Nouy – All Set to Take on Europe’s Banks

Daniele Nouy is prepared to become the most influential woman in Europe’s banking system. She is heading off the development of the Single Supervisory Mechanism, which she has advocated for a long time. This division, which will be placed under the authority of the European Central Bank, is going to be in charge of handling things such as risk evaluation of different banks as well as making sure that banks are able to be closed if it becomes a necessary measure. The European Bank Authority has the ability to lay down the rules that Nouy and her employees will have to follow and enforce. Many are claiming that she’s going to be brutal, and it’s pretty easy to see given the fact that she’s had to go through a lot of challenges to get this position. Not only that, but she’s been a strong supporter of this kind of oversight. She’s an expert and well-versed in international banking. Her experience comes both from the banking industry as well as regulation of the banking industry. When she got her start in 1974 working for the bank of France, there were hardly any women in the industry.

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