Such tensions are apparent in negotiations over a euro-zone bank supervisor.
The ECB, moreover, is being charged with overseeing a new single euro-zone bank supervisor.
"There are some things in the bank supervisor role that you just keep secret".
The German quid pro quo is to create a new eurozone bank supervisor, the ECB.
There is no nominee for bank supervisor on the Federal Reserve Board, a post created by Dodd-Frank.
EU leaders have established a new euro-zone bank supervisor, with the European Central Bank (ECB) at its core.
Now that the ECB is becoming the euro zone's main bank supervisor, the conflict of interest is glaring.
It has since fallen back, but remains high.A new regulator would have powers akin to those of a bank supervisor.
The State bank supervisor of the home State of an insured State bank and any State bank supervisor of an appropriate host State shall exercise its respective authority to supervise and examine the branches of the bank in a host State in accordance with the terms of any applicable cooperative agreement between the home State bank supervisor and the State bank supervisor of the relevant host State.
"We have proven there is a way to manage these institutions," said Darryle P. Rude, Utah's chief industrial bank supervisor.
The new bank supervisor, for instance, is really nothing more than two smaller agencies combined into one.
