This is of particular importance, since a thorough understanding of the underlying developments that contributed  1]  I am very grateful to Fabio Recine and Valia Rentzou for their valuable contributions. BIS Review 128/2008  1  to the emergence of the financial markets turmoil or accentuated its impact constitutes the basis for the definition of proper guidance by policy makers.
BIS central bankers’ speeches  1  Common methods and processes, relying on an integrated and harmonised information base, have been – and are being – developed for carrying out SSM supervision. The SSM goes considerably deeper than the work of the EBA in adopting the Single Rule book and harmonising supervisory practices, also reflecting the different mandates of the two bodies.