We want to be able to assess, at any time, the risk-bearing capacity, the internal control systems and the governance of banks, and to intervene at an early stage when we see danger. In short, we intend to supervise intensively. I have already spoken in detail about the division of labour with regard to the less significant institutions.
In both areas, then, knowledge of national and  4  BIS central bankers’ speeches  European markets will be brought together with a single evaluation system, a single supervisory approach and a central, European decision-maker. (3) The third precondition for successful supervision in Europe is that macro-prudential oversight dovetails with micro-prudential supervision.