They make up our DNA. We are however creating something new. The SSM creates the institutional conditions for overcoming fragmentation in supervisory practices and allows us to define a single model. We are establishing common methodologies, a joint culture, a shared reputation. They will ensure that we have the right instruments and incentives to effectively carry out our supervisory tasks.
They have already been successfully tested – as the comprehensive assessment shows. Let us at the same time recognise that this is just the beginning. The ECB will have to perform consistently well day after day, years after year, in the face of very challenging supervisory tasks.