I know that this is easier said than done. The establishment of European banking supervision under the auspices of the ECB, and of the three European Supervisory Authorities, 1 gives us a unique opportunity to make progress in this area in Europe. 1  2  The European Banking Authority, European Insurance and Occupational Pensions Authority and European Securities and Markets Authority.
BIS central bankers’ speeches  Conclusion Let me finish by saying that the well-established ESCB statistics will continue to provide the “big picture” of economic developments. But we should also offer a magnifying glass.