In respect of banking supervision there are four things that come to mind. Most importantly, regulation has to remain a global issue; the banking system is global in scope and we need to take a global approach to regulating it.
This essentially means more focus on  10/19  anchoring key financial variables – above all, lending rates and the yield curve – as key indicators of the monetary policy stance. This approach should progressively add accommodation because, as actual and expected inflation pick up, anchoring nominal yields allows real yields to fall.