2/6  BIS central bankers' speeches  The problem here is “too much detail”, a kind of regulatory “overload” – involving too many stakeholders and too much bureaucracy. There is a tendency to add more and more details to the rulebook. This is driven by a desire to have rules that cover every eventuality.
“The most important factor, which must prevail on others, is the political will to build the Union.” I thank you for your attention. 4  BIS central bankers’ speeches