I have always found it difficult to see the logic of separating the bank supervisory function from that of lender of last resort.

Global bond markets, with their ability to force yields higher, already perform an effective supervisory function.

In the former situation, a total ouster clause precluded the courts from exercising their supervisory function and issuing any prerogative orders to quash the erroneous action.

However, supervisory functions are generally reserved for the rank of sergeant and above.

This type of automation implements some supervisory functions rather than production functions.