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The state Court of Appeals strongly suggested that these assistant managers might have too much supervisory authority to participate, writing, "There comes a point at which the degree of managerial responsibility becomes so substantial that the individual can no longer fairly be characterized as an employee similar to general wait staff" under state labor law.
Yet another concern for Mr. Schäuble was whether placing so much supervisory power within the European Central Bank could lead the central bank to compromise its decisions on monetary policy — if, for example, the E.C.B. were setting interest rates while also trying to oversee politically sensitive issues like bank bailouts.
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"I'm convinced we need a much stronger supervisory authority for the financial markets," said Olle Rossander, a writer and a commentator on Swedish business.
The exchange's regulatory budget is less than 1% of that of either the NYSE or NASDAQ's parent, the National Association of Securities Dealers both of which admittedly have much larger supervisory roles.
But the other €5 billion will have to come from squeezing suppliers and other costs.Mr Bernhard will spell out his plans to his (perhaps much changed) supervisory board by the end of the year.
First, despite much recent progress, supervisory and regulatory tools remain imperfect in their ability to promptly address many sorts of financial stability concerns.
As Mr Stein put it in his speech:Despite much recent progress, supervisory and regulatory tools remain imperfect in their ability to promptly address many sorts of financial stability concerns.
"It's reflective generally of our intention to take forward a much more intensive supervisory model where we do take more risk, in the sense we will be making more judgements about the future".
In 2009 with serious Congressional focus on financial regulatory reform legislation that was later to culminate in the passage of the Dodd-Frank Bill it became clear that the CFTC would be mandated to become a much more aggressive supervisory agency with expanded powers.
In 1980 chief executives at large companies, according to Business Week's estimates, earned 45 times as much as non-supervisory workers.
As in other supervisory approaches, much of the supervision visit revolves around the completion of the checklist.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com