Therefore an integrated vision of the organisational structure was adopted, of suitability of the people who manage and oversee the institution and those responsible for essential functions, of a solid and effective internal control framework, of the autonomous design of internal governance of risk and remuneration policies aligned with a sound and prudent risk culture.
It is essential to build trust in the banking sector; to increase transparency over asset quality; and to ensure that banks that need to be wound down, can and will be. From the perspective of the ECB, it is also indispensable to reintegrate financial markets and so to restore the even transmission of our monetary policy across the euro area.