This can easily be seen when comparing prices today with prices two years ago, before the pandemic hit. Over this period, energy price inflation in the euro area was, by and large, flat (right chart slide 3). That is, households saw no increase in energy costs over the past two years.
We have also seen major changes in the area of microprudential supervision with agreement on 1/2  BIS central bankers' speeches  the goal of European Banking Union and the creation of the Single Supervisory Mechanism and the Single Resolution Mechanism. The Single Supervisory Mechanism seeks to provide a consistent method of supervising 120 significant European banks.