Turning to regulation, the main challenges facing authorities are:   On the one hand, to obtain a timely diagnostic of risks, ensuring the quality, consistency, clarity and opportunity of the rules; and    On the other hand, to limit the regulatory initiatives to merely those necessary to carry on the objectives underlying supervisory activities, and thus avoid unnecessarily inhibiting the development of financial activity and innovation in the sector.
In turn, the supervision of institutions must be intrusive, with a strong on-site component – thereby ensuring an active presence in the institutions under supervision. It must also rely on ITC-intensive use, in order to optimise distance regular monitoring procedures, and shall be based on risk.