Sabine Lautenschläger: Single Supervisory Mechanism – Single Supervisory Law? Keynote speech by Ms Sabine Lautenschläger, Member of the Executive Board of the European Central Bank and Vice-Chair of the Supervisory Board of the Single Supervisory Mechanism, at the workshop of the European Banking Institute (EBI), hosted by the European Central Bank, Frankfurt am Main, 27 January 2016.
These reforms when fully implemented will be closely, no doubt, aligned with your theme of “Driving Change Toward the New Economy”. The new economy is knowledge-based and services and technology driven. It promotes innovation and creativity. It is fast paced and customer-focused. The new economy is competitive and it calls for and requires resilience. It is characterised by volatility, uncertainty, complexity and ambiguity.