It is perhaps the most flexible option for maintaining bank safety and soundness in a rapidly evolving environment and has the potential to strengthen and complement bank supervision and regulation, particularly on the outside chance that the market knows best.
Carlos da Silva Costa: The quality of management Address by Mr Carlos da Silva Costa, Governor of the Bank of Portugal, at the Conference organised by the Economic and Social Council (CES) “The Quality of Management, Lisbon, 10 May 2019. * * * As prepared for delivery.