Against this background, the ECB raised its lending rate by 0.25 percentage point at the beginning of this month, after having kept it constant at a very low level for almost two years. Danmarks Nationalbank followed suit. The debt crisis in the EU is still evolving.
We support the Department of Finance in its drafting of transposing legislation. In so doing, the establishment of the SSM provides us with the opportunity to improve and strengthen our tools and procedures so that we can be an even better supervisor.