It is a case of “damned if they do, and damned if they don’t”. Yet, they have to remain resolute, determined to do whatever their  BIS central bankers’ speeches  3  job entails.
Key requirements for an effective implementation of this task are (i) access to relevant supervisory information on large cross-border financial institutions and (ii) the establishment of mechanisms and procedures that would ensure that the assessment and advice concerning corrective actions that aim at containing risks and vulnerabilities is duly reflected in the actions of national supervisory authorities. IV.