Supervisors must be brave enough to move beyond the compliance, tickbox mentality to being investigators, addressing the safety and soundness of financial institutions, whether or not such issues are covered in specific legislative requirements. •  Finally, every one of you in this room must be the desired changing face of supervision. Ladies and Gentlemen, our work has just begun.
Mr. Draghi: There needs to be significant progress in developing greater transparency so we can understand what's on banks' balance sheets and what valuations are. WSJ: More specifically? Mr. Draghi: In the future, there is going to be an unavoidable move toward standardization.