To sum up, what defines a single system is having a single set of rules that can be enforced evenly from the centre. We are on the way to achieving this for supervision. I see it as essential that we also achieve it for resolution. Banking Union is ultimately a way of establishing a single financial market where banks are separated from their sovereigns.
The protection of savings The wide range of instruments available and the numerous financial operators allow savers to make the choices best suited to their needs, to plan for the future, and to deal with unforeseen events. This is a victory that must be defended and extended.