On the key issue of how the SRM takes decisions, we support the Commission’s idea to establish a central resolution Board based on majority voting. To be effective in dealing with cross-border banks, and to be consistent across different countries, the resolution authority must be able to make independent decisions in the European interest, and this is not possible if national vetoes remain.
Our response at DNB can only be that we will in future intensify our efforts to prevent misfortunes in the financial sector. And that, along with our colleagues in other countries, we will to this end do all that is humanly possible to draw every last lesson from the credit crisis. BIS Review 40/2010  1