Despite a number of exceptions in the  4  BIS central bankers’ speeches  fine print, which are part and parcel of the process of compromise, the resolution mechanism agreed upon allows a fundamental principle of market economics to be enforced. The Bundesbank welcomes this agreement as an important complement to common European supervision.
This increase appears to be fairly widespread across the population of community banks, and it is evident at highly profitable and less-profitable institutions. Commercial real estate lending is a traditional and natural part of the community banking franchise, and by all accounts underwriting practices continue to be much better than they were in the troubled days of the 1980s.