The recovery is only now becoming entrenched, but at levels of potential growth that are still unsatisfactory. How do we then achieve more substantial and sustainable economic growth? Part of the answer is that we must foster a domestic financial system that better supports such growth and in more instances, can seed such growth.
The more the boundaries between sectors are blurred and the more intensively banks work with non-licensed enterprises, the more relevant discussions like this will become. My personal view is that we should discuss to what extent we might take a closer look at supervising individual activities – activity-based supervision – in addition to entity-based supervision.