What he said was that, within the framework of our traditional models, there are indicators, or parameters, that have changed, especially the gap between the interest rate and the growth rate, which is very different from how it has been in the past and that, he says, warrants a policy of re-indebtedness in certain countries.
And the fundamental goal is to strengthen the confidence and resilience in the banking sector. To achieve these goals, the SSM, with the ECB at its centre, has been entrusted with an extensive set of micro- and macro-prudential powers, covering all key tasks relating to the prudential supervision of credit institutions.