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.
Current plans involve even greater use of on-site inspection of banks, as well as a thoroughly overhauled organisational structure to further decentralise decision-making, cooperative working and career progression. No regulatory system can or even should attempt to eliminate all possibility of failure, and regulation and supervision must be able to change with a constantly changing financial industry.