BIS Review 32/2001  9  Lenders obligations and liability While there has been significant attention to the problem of credit recovery and wilful default and diversion of funds by borrowers, especially by large borrowers, sufficient attention has not been paid to the problems that small and medium borrowers face in their relations with lending entities.
I find this curious: if I am to bear political responsibility, I have to be able to shape the decisions. But that is not all: if the ECB Governing Council rejects a proposal from the Supervisory Board, and one country does not agree with this decision, then a third body comes into play – the mediation panel.