It is in the hands of the banks to live up to the challenge and the opportunity they face from this macro-arithmetic. BIS central bankers’ speeches  3  Banks have large business opportunities. Of the 10.4 trillion households’ saving pool in financial 2010–11, nearly 42% was in the form of bank deposits.
We are confident we will be able to strike the right balance between thorough democratic accountability, confidentiality, operational effectiveness and the respect of the ECB’s independence. Another priority is the establishment of a single resolution mechanism. This is a necessary complement to the SSM and fundamental to the creation of a banking union.