In some cases – unlike here in the Netherlands – the proposals have also included a  BIS Review 27/2002  1  reduced role for the central bank in prudential supervision, while increasing the responsibilities of the separate supervisory agency.
In ten out of twelve euro area countries, the central bank is still either directly responsible or otherwise closely involved in the operational conduct of supervisory duties. Only in Luxembourg and Belgium this is not the case, and in the latter a reform is being proposed that increases significantly the involvement of the central bank.