We will be paying particular attention to this group. Resources of indirect supervision To conclude the topic of dimensioning, I’d now like to say a few more words on the resources for indirect supervision in the SSM. On the basis of uniform requirements, operational supervision for the 3,500 less significant banks has quite consciously been left to the national supervisory authorities.
Of course, that only goes well until the bubble finally bursts. The faster and lower prices then fall, the more loans cannot be repaid. This compromises the banks’ profits and stability – and when the banks sneeze, the whole economy catches a cold. The crises affecting other countries in recent years have made this patently clear.