We are feeling the threat of other types of retail businesses that have intensified their price-cutting strategies at the expense of profits, and thus we have cut the sales prices of several hundred items, especially privatebrand products (a supermarket [Hiroshima]). Notes: 1.
The SSM represents the creation of the first ever European supervisory regime. However, it is crucial that the SSM also establish a consistent basis for banking supervision across Europe. Only then will we be able to tackle the weaknesses exposed by the recent financial crisis.