It reads: “You need to get to an Executive Board meeting at the ECB but you’re surrounded by a group of Blockupy demonstrators as you enter the building.”  Is your heart racing? Well, I assume that the demonstrators pose no threat to life and limb, they simply want to make their views known, don’t they? Yes.
Strong holding company oversight is essential, and thus, in my view, the Congress should consider requiring consolidated supervision of those firms and providing the regulator the authority to set standards for capital, liquidity holdings, and risk management.