The ANPR proposes maintaining facility-based assessment areas while also exploring options for defining new assessment areas. Specifically, we ask for feedback on whether new assessment areas should be based on some threshold of deposits or lending in areas where the bank does not have a physical presence, and the ANPR discusses a potential option of allowing internet banks to have a national assessment area.
Joseph Stiglitz has taken it a step further and is even calling for an end to independence in order to lend legitimacy to decisions taken by central banks to redistribute wealth. At all events, this creeping or even open politicisation of central banks is causing me concern.