Strengthening the linkages between industry and universities would enhance the so-called “knowledge triangle” and lead to the digital transformation of the economy, an increase in the stock of knowledge and productive capital, the development of outward-oriented sectors and, more generally, to a knowledge economy and society. ***  Public-Private Partnerships Four decades ago, inequality started to rise in the OECD member-states.
Although the national supervisory authorities are providing us with assistance, the final review is always performed centrally by the ECB, to ensure that all the results are comparable. It is important that the central bank has ultimate discretion and power, so that national discretionary margins can be reconciled. A similar rationale applies to the interaction between the assessed banks and the supervisor.