Mr Steinbrück will undoubtedly explain in more detail soon how he wishes to “tame the financial markets”. Overcoming the crisis requires considerable efforts in many areas. But, as important as the issues of government debt, monetary policy and competitiveness are, I would now like to turn my attention to banking regulation and supervision. 2.
Reform of financial market regulation – objectives and measures  Roughly ten years ago, the principal issue in banking regulation was Basel II and the regulatory changes it brought about.