They can be addressed within different time frames and following a logical sequential order, so long as the commitment to address all four of them is unwavering. In my remarks today, I would particularly like to elaborate on the rationale and principles for establishing a Single Supervisory Mechanism.
It is important to understand exactly why we need such a mechanism to determine how it would be designed. On the ideal schedule for establishing the single supervisor, I agree with those who say that we need to do it in a timely fashion but above all, we need to do it well.