The decisive point is that the national supervisor remains the direct contact for the credit institutions and generally takes the associated supervisory decisions. But there will also be some changes in terms of the supervision of less significant institutions, because the SSM will influence the supervisory approach of the national supervisors.
In planning for that, it is important to strike the appropriate balance between alleviating short-term needs and maintaining longerterm development goals. This means operating with an effective division of tasks with the IMF and in coordination with other multilateral development banks, international financial institutions, and the donor community.