This approach would ensure the harmonization and the level playing field in the implementation of the single supervisory mechanism and will be enough to overcome any inefficient national bias in conducting bank supervision. Fourth, as I also argued already, there should a clear organizational separation between monetary policy and supervision.
This can be realized at all organizational layers, from the analytical and informational level to the decision-making level. In a recent interview Commissioner Barnier referred that the Commission´s proposal includes the creation of Supervisory Board in the ECB which goes in the right direction.