We are now in better shape than we have been in years to face the economic challenges of the future. BIS Review 66/1997
A directive on the constitution of a European network of national deposit guarantee schemes has also been under discussion for some time. The ECB will soon undertake a comprehensive assessment of banks’ conditions prior to the launch of the single supervisory mechanism. This will be followed by an assessment of the risk profile of all the intermediaries which will be subject to centralized supervision.