For the time being, at least, it seems questionable, in my view, whether a complete streamlining of all rules is necessary, particularly owing to the implications for competition and in light of the variety of banking systems. V. Ladies and gentlemen, what conclusions may we draw? As the analysis has shown, there are no simple one-size-fits-all solutions for an adequate supervisory model for Europe.
I feel that the present supervisory structure is functionally viable. Naturally, it must constantly rise to new challenges and come up with suitable answers. A gradual refinement of the tried and tested system seems more suitable than a “big bang” in the form of a new, overarching supervisory authority in Europe.