9 It should also be borne in mind that the votes any one shareholder may cast in a shareholders’ meeting are limited by the Statute 10 to a maximum of 50 (out of a total of 665 today), regardless of the number of shares held, in order to prevent individual shareholders from exerting a preponderant influence on the Bank’s decision-making even in the restricted scope of the matters in which the shareholders intervene.
This is the only way we can avert the suspicion of national supervisors taking too much account of national special circumstances. My other remark follows on directly: it concerns the legacy risks of banks supervised under the SSM. As these risks were created in the past, under the responsibility of individual member states, they should be borne in a national context, too. 6.