ECB transparency
The ECB considers transparency as crucial, because it provides relevant information on its strategy, policy, procedures and decisions to the general public. However, there are several examples where the ECB exposes less transparency as the secrecy voting, the access to documents (unavailable for a minimum period of 30 years since their appearance) or the disclosure of securities.
ECB's democratic accountability
Accountability is the necessary counterpart to the independence. The ECB is accountable to the European Parliament and it involves an annual report, quarterly hearing, parliamentary questions, appointments and legal proceeding.
BIBLIOGRAPHY:
https://www.ecb.europa.eu/ecb/orga/transparency/html/index.en.html
https://www.reuters.com/article/us-ecb-transparency/ecb-needs-greater-oversight-accountability-watchdog-idUSKBN16Y2LV
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