More generally speaking, the ECB would welcome any initiative of euro area governments designed to enhance - in compliance with the respective competencies of the ECOFIN Council and the Eurosystem - the credibility and clout of the euro area in the international community.
This is important for us as supervisors, as we have a duty to deploy our staff and resources efficiently. And of course, this is important for you, the banks, as well: you don’t want to be supervised twice for the same issue. I am sure this is also true for cloud service providers.