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The Germans are obstructing the move towards common bank supervision.
Bank supervision and financial stability are still under their eyes.
The IMF wants to see stronger bank supervision.
The euro zone now has a plan for bank supervision.
The Federal Reserve would see its bank supervision powers significantly diminished.
The logic goes further still – to climate change, tax avoidance and bank supervision.
The Senate Banking Committee conducts a hearing on modernizing bank supervision and regulation (Thursday).
But that was a failure of bank supervision, not of monetary policy.
But he said Spain illustrated that bank supervision in Europe remained inadequate.
Countries must pay for sins of commission (budget deficits) and omission (poor bank supervision).
But it is also trying to curb speculative excesses and to tighten bank supervision.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com