In addition to our regular schedule of quarterly meetings with the banking sector through the Banking Committee, I also held meetings with the MBA Bureau, an offshoot of the Banking Committee, to address the most pressing issues.
Her perseverance was essential to establish the mechanism’s credibility. As Andrea Enria takes over Nouy’s mandate, now is a good opportunity to reflect on the many achievements of Europe’s crisis management set-up and draw some preliminary lessons from the current (incomplete) architecture.