This includes the supervisory tasks conferred to the ECB. Independence is a key element to avoid leniency to any type of political pressures. Such pressures would undermine the effectiveness of the supervisory actions, which should only be guided by economic and technical considerations.
Second, the ECB should be able to carry out the tasks assigned to it effectively and rigorously without any risk to its reputation. Third, there must be a strict separation between the ECB’s new tasks concerning supervision and our monetary policy tasks assigned by the Treaty (Art. 25 SSM Regulation).