This implies a three way split, involving the creation of specific on-site inspection teams on the one hand, and on the other hand teams focused on the ongoing, off-site supervision of all banks.
The introduction of separate on-site inspection teams that will be tasked with discrete inspection mandates and will be independent from the on-going supervisory work with an institution is new territory for the Central Bank. Currently we incorporate on-site work into our on-going supervisory work and do not have independent teams performing this work.