The consolidation of these two institutions into a viable development bank will help to channel resources to well-targeted developmental priorities and supply the missing link between bank finance  4  BIS Review 24/2001  and long-term capital requirements. It is in this regard, that one views the on-going attempt at establishing a development bank as a step in the right direction.
Such a reform package is currently before the European Parliament. The ECB very much counts on the Parliament to call for very clear and strong governance rules, including automaticity in triggering procedures and sanctions, which will be to the long-term benefit of Europe’s citizens.