Perhaps globalisation is a process that has been, in some sense, constrained by the authority of the nation states, particularly in the twentieth century. It may be useful to touch upon the role of the public policy of nation states, in the context of the concept of globalisation.
In order to retain a power balance, we have to allow for multi-level governance. We should aim for an open-minded leadership that governs the SSM according to supreme aims. Let me reiterate three important aims and implications. •  Risk-adequate supervision implies that we should allow for flexible supervisory requirements when applicable.