Thelevelofsupervisionof these professionals and thelevelof their responsibility to supervise and train others increases over time but does not dramatically change overnight until promotion to partner.
This would require a complete shift of banking regulation and supervision to the European level and the creation of a European bank resolution mechanism.
Even then, professional, regulatory and internal quality and risk management policies generally require second partner reviews and other supervisionof even the work of partner level licensed professionals.
Then a formal, thought-out system ofsupervision and risk management is created and applied at every level to ensure execution ofthe strategy and protection against internal and external threats.
Field-level studies in selected countries and a desk research covering 11 countries have been launched this month under thesupervisionof UNESCO's Office in Nairobi.
That is in line with the general trend of Mr Putin's federalism, which has been to put more ofthe burden for services on to the regions while concentrating more power and supervision at the federal level.