The question of whether central banks should be involved in bank supervision is anoldchestnut that central bankers and academics have debated for many years and practice in the years before the global financial crisis had swung towards separate bank regulators.
Today, we have an enlarged NATO with increasing (though still far from adequate) capabilities, a good plan for streamlining NATO's command structure, a new NATO four-star command focused specifically on military transformation and an affirmative answer once and for all to that oldchestnut, can NATO take on a mission out of area.