As a supervisor and regulator, as a long-term economic adviser and as a leader by example. To start with the obvious: as a supervisor and regulator we have a responsibility to address macro- and microprudential risks and thereby contribute to financial stability.
Interest rates are still low, weighing on the profits of many banks. This situation makes it imperative for them to adjust their business models. Some banks still need to diversify their sources of income, manage their costs more diligently and become more efficient. Legacy assets, such as non-performing loans, are still high in some parts of the banking sector in Europe.