However, reporting requirements on the part of the national central bank management would be a cause for concern, if this were tied to the idea that the governor of a given central bank were a sort of representative of that country’s national interests regarding monetary policy in the Governing Council. That is not the case.
Every member of the Governing Council (regardless of whether he/she belongs to the Executive Board or is the governor of a national central bank) has a personal responsibility, namely for the long-term stability of the euro throughout the monetary union. The governor of a national central bank must not even be bound by his own bank in the sense of an “imperative mandate”.