Simpler structures can also be encouraged by reemphasizing existing supervisory guidance requiring banking organizations to measure and manage their risks not only on the global, consolidated level, but also on a legal entity basis.
You also made the most of every single trip abroad to engage in dialogue – with colleagues from central banks, with government representatives, diplomats, executives at commercial banks and sometimes students at colleges as well. And what is more, you always kept the door to your network open for your colleagues from the Bundesbank so that they could also tap your valuable contacts.