The Financial stability board, headed by the BOE’s Mark Carney, says that German bank regulators need to be better prepared to deal with financial crises and to spot risks earlier. Even though supervision will pass to the ECB later this year the board says that it;

“does not lessen the need to further strengthen supervisory practices in Germany and further strengthen the banking and insurance supervisory frameworks”

They add that while Germany has made good overall progress it has to spot weakness quicker and improve it’s response time.

There’s been no comment so far from the two main regulators (Bundesbank & BaFin) but I’m not sure if the lead balloon has touched down yet

;-)
:-D