The choice was made in view of the specific technical nature of banking and the complementary nature of prudential supervision and the protection of competition.
2/3  BIS central bankers' speeches  As to the wealth channel, monetary policy easing generally makes the life of borrowers easier, but it can impact negatively on better-off households’ savings. However, the overall net effect depends on the composition of household balance sheets. A fall in the interest rate affects different assets and liabilities differently, depending on their type and maturity.