Tuesday, December 4, 2012

Banking Union and the supervision of 6000 banks


"Nobody believes it will work. Nobody believes any institution will be able to supervise 6,000 banks.” Wolfgang Schauble, Germany’s finance minister, FT 2012
"Our specific responsibilities include the oversight of about 5,000 bank holding companies, including the umbrella supervision of large, complex financial firms; the supervision of about 850 banks nationwide that are both state-chartered and members of the Federal Reserve System (state member banks); and the oversight of foreign banking organizations operating in the United States."Chairman Ben S. Bernanke,The Federal Reserve's role in bank supervision, Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C. March 17, 2010
I concede that 6000 > 5850. Not that 6000 >>> 5850.

P.S.
Question: how many Polish banks are...Polish?



Source | The Portuguese Economy | http://theportugueseeconomy.blogspot.com/2012/12/banking-union-and-supervision-of-6000.html

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