Overcentralization is no panacea for optimal decision-making as it might hamper collegial  4  BIS Review 145/2008  wisdom and creative thinking. Each EU Member State has to be concerned by the soundness of financial institutions in other Member States.
In this respect, the decision to include a European mandate for national supervisors could increase the speed of decisiontaking, reduce the regulatory burden and favor EU integration. The main lesson from the current crisis is that EU financial stability benefits from a commonly shared philosophy. This commonly shared philosophy appears in Europe in the area of Government intervention.