As the Super Supervisor, the ECB will monitor capital issuance by banks, and processthe results of a year-long asset review that revealed a stash of soured loans in the bloc now amounts to almost 900 billion euros ($1.1 trillion).

It was a decision taken by the EU to put the ECB in charge of overseeing the eurozone’s commercial banks. However this decision is causing a conflict of interests as this task is not enshrined in its statutes, notes German Deutsche Welle.