Others regard it as a poisoned chalice, which might put into doubt the very credibility and independence that the ECB has earned itself in the monetary domain. With the ECB set to assume supervisory responsibilities, indeed much has been made of possible conflicts of interest between monetary policy and financial stability, and supervisory tasks in particular.
To my mind, such conflicts are pertinent and should not be ignored. Hence it is essential that the SSM and all reporting lines for supervisory functions to the  2  BIS central bankers’ speeches  Governing Council are clearly separated from other ECB tasks. The Governing Council’s commitment to deliver on its primary mandate must not be put in doubt.