How can it be that the executive board members of a globally active bank in one particular country have to have different skills, knowledge and experience from their counterparts in another country? Here too, further harmonisation of the relevant rules would be useful. National rules which are not expressly mentioned in the CRD IV are a further cause of regulatory fragmentation.
They include rules governing the acquisition of shareholdings. Some countries require major transactions to be supervised in advance by the national authorities, other countries don’t. Here too, it would make sense to further harmonise the regulation. We can thus conclude European banking supervision has helped to further harmonise the supervisory framework in the past 18 months.