I am fully aware, though, that this is easier said than done. Just take a look at German banks. Like many of their international peers, German banks have been under pressure from a number of challenges for several years now – some crisisrelated, others structural. In addition, the German banking market is still highly dense and highly competitive.
I believe this is what accountability means. As the experience of the global credit bubble in the mid-2000s suggests, time and again, the seeds of new problems and unexpected crises have already been sown as authorities respond to a problem.