Lorenzo is back! (At least in media)


The A-List: Lorenzo Bini Smaghi: Do not trust politicians to supervise Europe’s banks
Bank supervisory authorities that are not sufficiently independent, and are too closely associated with the political authorities, are generally under pressure to delay the identification of insolvent banks, for the fear that taxpayers would get upset.
http://link.ft.com/r/M2ZOXX/RPPY67/5CE1H7/HYCOUM/87XFSM/GX/h?a1=2012&a2=12&a3=3

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About bzik2

A beginning central banker with a twist
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