Many MOUs have been signed to obtain a regular exchange of information and cooperation, and some MOUs have been signed to deal with banks of regional systemic importance. Colleges of supervisors are responsible for monitoring insurance groups and some banks. Lamfalussy committees have been established to promote financial integration and make proposals for the coordination of regulation and supervision in the EU.
Forty years ago, in his Concluding Remarks for 1981, Governor Ciampi reminded us that 'monetary stability is a shared responsibility, a good that is never definitively acquired'.