For example, we’re currently working on the draft of a reporting guide for national supervisors. This guide should provide an overview of the information the ECB requires. After all, indirect supervision isn’t possible without information, unfortunately. The reporting guide will be an expression of the multi-stage supervisory approach.
And it is important that they should feel that right away. On our part, the Bank of Israel will continue to pursue an interest-rate policy consistent with the inflation target of between 1 percent and 3 percent a year, with the intention of reaching the mid-point.