Brain drain.
Position | OFF THE NEWS - Deutsche Bundesbank - Brief article |
"Andreas Dombret, the Bundesbank board member responsible for banking and financial supervision, has complained to the German press that he is losing staff to the ECB because it pays its supervisors about twice as much for the same jobs.
Mr. Dombret told German daily Borsen Zeitung on Wednesday that it was a "challenge" for the Bundesbank, which is constrained by a German civil service settlement on pay, to retain employees.
The ECB took over supervision of the eurozone's largest lenders...
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