In addition, we often issue guidance to provide the industry with supervisory “best practices” for addressing safety and soundness and consumer protection matters. Guidance is generally a moreresponsive supervisory tool than rules, and it allows institutions more flexibility in adopting new business practices.
And also to recognise when a bank is indeed no longer viable and has to be resolved. How can it be then that a bank such as Monte dei Paschi is still viable as far as the ECB is concerned? I cannot talk about individual institutions.