Unlike the traditonal national regulators, whose views may be more or less one-sided and short-sided, we may look to the European Systemic Risk Board to step foward now since (1) it was established precisely as a response to the crash phase of this credit bubble-to-crash financial crisis, and (2) it it has an Europe and Eurozone-wide, rather than merely national, mandate.
Thus, it would be important to know the position and recommendations of the ESRB regarding policy measures to be taken to stabilize the Euro banking and financial systems, specifically the insurance for local retail deposits. However, this information so important to the European financial consumers as Stakeholders is not visible in the ESRB website.
The mandate of the Liikanen Group named in early 2012 by the European Commission to make recommendations on restructuring the EU banking sector should be equally broad.
ESRB names advisory board http://ppplusofonia.blogspot.pt/2011/04/european-systemic-risk-board-names.html
New Deal essential to ovecome European banking crisis http://ppplusofonia.blogspot.pt/2012/06/new-deal-essential-to-overcome-european.html