In the German view, the status quo should be retained, that is to say, there should be no change to the present right to choose a supervisory authority for the risk weighting of Land and local governments. The zero-weighting of loans to Land and local governments would then still be possible.
It cannot replace the existing laws and treaties, particularly those applicable to the Bank. The Bank is in fact governed first by the provisions of the Maastricht Treaty, and then by its Organic Law and its own  BIS Review 54/2006  1  Statutes, and finally – on a purely additional basis – by the companies code.