4  BIS central bankers’ speeches  effective supervision.11 Italy’s historical experience suggests that attributing the supervision of banks to the central bank can not only strengthen the independence of the supervisor: credibility as a tough supervisor can in turn reinforce its reputation and standing in the enactment of monetary policy.
I would also like you to appreciate the fact that while many large international banks are required to increase their equity capital by more than 100% over the existing levels, many Indian banks would certainly not be required to increase  10  BIS central bankers’ speeches  their equity levels by that order.