While the first two pillars are now in place (even if the associated single resolution fund is only being phased in over a number of years), the timing of the completion of the third pillar remains under discussion. Banking union is the most important component in improving the operation of the monetary union.
Training at this stage focuses on the institution’s need to stabilize operations in a competitive environment and addresses issues essential to sustainability, such as maintaining capital and liquidity, managing credit and interest rate risk, ensuring compliance with banking laws and regulations, and developing new products. The third module, “Managing a Mature Institution,” focuses on growing the institution and shareholder value.