The counterpositions between the various institutions – the Council, Commission, Parliament and Central Bank – and the internal discussion between the various members would permit the taking into account of various viewpoints, especially those of creditors and debtors, and allow the inclusion of the Community and intergovernmental approach as well as a combination of rules and discretion.
The Board and senior management of the supervised institutions are expected to promote and demonstrate an organizational culture that expects integrity from its employees in conducting the institution’s business and for ensuring a sound and prudent approach to risk identification and management.