9 Klaus Regling recently noted that: “Germany should not forget that its banks received more public money during  the financial crisis than almost any other European banking system – with the exception of Spain and Ireland. Taxpayers had to shoulder high losses. It is wrong to assume that German banks would never need any money”, Interview published in Süddeutsche Zeitung, 25 June 2018.
10 Nouy, D. (2017), “Banking union, three years on – has it lived up to its promises?”, statement at the Single  Resolution Board Conference, Brussels: “Banks are supervised and resolved at European level, but in the event of a failure, the negative consequences are felt mainly at national level.