BIS central bankers’ speeches  3  Taking banking supervision from the national level to the European level has three concrete benefits. First, European banking supervision allows banks in the entire euro area to be supervised in a uniform manner according to the same high standards.
Third, the volume of transactions, as well as their complexity and opacity has increased sharply as the cost of carrying out transactions has been drastically reduced. Investment banking has meanwhile developed to be the main field of activity of internationally operating financial institutions. Huge Highly Leveraged Institutions (HLI) are explicitly designed to profit from extremely high turnovers by very narrow margins.