As I just mentioned, benchmarking is a key supervisory tool. We carry out horizontal analyses on a host of issues, including governance, which was the subject of a thematic review we published in 2016.4 However, all of this is still work in progress – for supervisors and for banks.
A detailed activity plan is now being developed for the migration of the Italian market on 31 August 2015 and the possible impact on the scheduled activities for the subsequent migration waves is being assessed. This solution for the migration of the Italian market is due to be approved by the ECB’s Governing Council tomorrow.