There is not a single bank that we treat as too small or insignificant in our supervision. We carry out regular and extraordinary supervisions of banks' operation, on-site and off-site. We analyse all aspects of operation of each bank, including risk management, with an eye on the system as a whole.
Thus, the European resolution mechanism will also contribute to disentangling the close connection between banks and public finances, which was a central problem in the euro crisis. However, one thing should be clear: regulation will not solve all of our problems. The banks themselves have to adapt to the challenges they face. One of these challenges is profitability.