A single supervisor should enhance transparency and thus increase trust in cross-border lending, while supervisory ring-fencing or national asset-liability matching would no longer be relevant given the SSM’s European focus. In addition, an effective single resolution mechanism would help attenuate the infamous bank-sovereign nexus.
The Cricket World Cup 2007 (CWC) could be the event that catapults us into action. After successfully achieving adult suffrage and independence we have had no event which has had the capacity of capturing the imagination of the West Indian people like this one. After all, it is cricket, and we will have the world looking at us.