A homogeneous transmission of our monetary policy decisions throughout the financial system enhances the appropriateness of our policy decisions. For the euro area as a whole, and for the participating Member States. That is why monetary policy benefits from a level-playing field in financial markets across countries. 6.
Ineptitude and failure to handle such operational risk issues diligently could weaken public confidence in the banking system and undermine the financial inclusion agenda and the very essence of banking, which is to facilitate intermediation for 5  productive use of financial resources, as well as certainty of payments.