I am for the beginning of 2015 as the kick-off date. 4. Strengthen macroprudential supervision  The third and final aspect of “good regulation” I wish to mention is the macroprudential perspective. After all, “good regulation” must never lose sight of the “big picture”. The financial crisis swept away any lingering doubts that we need to broaden our regulatory perspective beyond individual banks.
This means that we need macroprudential oversight alongside microprudential supervision. This has now been enshrined in German law: the Financial Stability Act has been in force since the beginning of this year. The institutional framework for macroprudential oversight has thus been established in Germany. The newly formed Financial Stability Committee started its work at the beginning of the year.