Protecting variety in banking is one way to enhance sector stability. Therefore, I appreciate efforts from the ECB to widen the perspective of banking supervision beyond the level and quality of capital towards proportionality. 2  BIS central bankers’ speeches  There are other challenges that concern the supervisory quality and long-term functioning of the SSM.
I am thinking especially of our most valuable resource, namely well-trained and motivated staff. Therefore, I strongly support initiatives such as the ESE initiative that support cross-border learning and knowledge sharing. Staff motivation is a core asset. Anyone working for the SSM should be able to make a difference. That requires processes to be transparent and unbiased as to the result.