Mario Draghi: ECB press conference - introductory statement Introductory statement by Mr Mario Draghi, President of the European Central Bank, and Mr Vítor Constâncio, Vice-President of the European Central Bank, Frankfurt am Main, 14 December 2017. * * *  Introductory statement Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference.
The benefits of European supervision European supervision brings three important benefits when compared with the fragmented system of national supervision. First, European supervision harmonises supervisory practices. It has merged the 19 national approaches into one single supervisory method. The Supervisory Review and Evaluation Process allows supervisors to treat all banks equally by measuring risks against the same yardstick and setting capital requirements accordingly.