Macro-prudential supervision in the EU will count on the active role of the 27 governors of the National Central Banks, including the very active involvement of Mervyn King as the governor of the Bank of England, and on the full participation of the heads of the European Supervisory authorities and the Commissioner.
It will count also on the close link to the national supervisory authorities, particularly here the FSA and its chairman, Lord Turner. Set up in this way, it will provide a significant contribution to the resilience of the financial system. We have to succeed.