The crisis may, therefore, have reversed the pre-crisis tendency to separate microprudential supervision and central bank regulation. A clear example of this, close to home, is of course the ECB’s preparations for taking on new banking supervision tasks as part of the Single Supervisory Mechanism. BIS central bankers’ speeches  3  The third lesson.
Once again, I thank the IMF, the resource persons and the organizers for putting together this workshop. Official opening I have much pleasure in declaring this Workshop open. Thank you. 2  BIS Review 116/2007