Ideally, a situation should be reached in which the group of European supervisors works collectively as effectively as a single supervisor, when needed. This is required when the problems involved are area-wide - because of the institutions or markets involved - or there are concerns of systemic problems spreading across borders.
A dynamic organization cannot afford to stand still we will be faced with unforeseen events. But if the SBP is transformed into a flexible, agile and competent organization the chances of meeting the new challenges successfully will be high. We have still a long and arduous path to travel.