In respect of these banks the supervisory authorities – Italian and, since the end of 2014, European too – have acted within the powers assigned to them; we have given account of the actions taken  BIS central bankers’ speeches  3  before the competent institutions and other bodies, publishing detailed reports on our website.
The supervisory authorities have called for restructuring plans, which have been drawn up, and are closely monitoring their implementation. It will take time to achieve the objectives; a firming up of the economic recovery with a positive spill-over on banking activity will prove decisive.