2/6  BIS central bankers' speeches  That was instrumental in tapping synergies and, at the same time, heeding the personal needs of the supervisors affected. It was less Mr Dombret’s quick reactions and more his stamina as a negotiator that was called for when it came to the topic of Basel III.
It is to this end that the ECB, on the eve of becoming the single supervisor for the euro area, together with all the national supervisory authorities, launched a year ago the recently completed comprehensive assessment of the 130 most significant European banks. Another obstacle has thus been removed to the contribution that the ECB’s monetary policy can make to reviving growth.