These emotional habits, caring about our staff, wanting them to do well and be happy, are what we are trying to cultivate at the Central Bank of Barbados. Already we have evidence that this is a sure path to high morale and enviable levels of efficiency.
So let me highlight what, in my view, are the most important missing elements in the banking union. In the area of resolution, we need to continue to push forward on establishing a permanent backstop to the Single Resolution Fund (SRF) that would increase the credibility of the system in systemic crises.