In the sphere of banking, you would agree with me that the supervisor is the frontline investigator, which solely or in co-operation with the Directors of banks complain to the police or Serious Fraud Office for further action, where necessary. By this approach, the letter and spirit of the Constitution which created all the investigators will be upheld.
Trichet: The ECB considers that it is up to the member states to decide upon the national supervisory model they wish to adopt whilst fully respecting the necessary level playing field. It is also necessary that the cooperation and coordination between the national authorities, at the level of the EU as a whole, will be exemplary.