The Executive Board of the ECB has been implementing the Council’s decisions mainly through the national central banks (NCBs) of the countries which have adopted the euro. The ECB and the NCBs together form the “Eurosystem”.
You have also shown that regulation, even if intensified, can be designed to accommodate these innovative ways of banking while still protecting customers and safeguarding financial stability. Customer protection in your country is even set as a top priority. It calls for banks to formally assess the financial situation of the client in order to avoid over-indebtedness.