In addition, even complete local subsidiarization might not protect a foreign banking operation from suffering some contagion if its parent is under stress. Thus, the quality of home country regulation may have some bearing even under the host country model. Not surprisingly, the home country model presents essentially the obverse set of advantages and limitations.
Many things can only be speeded up to a certain point. Even with the utmost dedication and effort, a comprehensive picture of the economic situation can only be tabled about two months after the end of the quarter concerned, although many individual bits of information are available and are analysed earlier on. The MPC process itself is fairly quick, taking two days.