The last 12 to 18 months were marked by a whole series of measures, including: •  recruiting more than 1,000 ECB supervisors and support staff;  BIS central bankers’ speeches  1  •  setting up central supervisory infrastructures;  •  carrying out the comprehensive assessment and translating the results into supervisory actions;  •  developing and implementing the SSM’s legal and methodological framework;  •  setting up the Joint Supervisory Teams and establishing a consistent and standardised database;  •  identifying key risks within Europe’s banking sector, drawing up our strategic plan for 2015 and planning our supervisory activities accordingly;  •  enhancing our supervisory methodology further, in particular regarding the Supervisory Review and Evaluation Process (SREP);  •  harmonising supervisory approaches and perspectives, going beyond options and national discretions;  •  gaining an overview of the 19 national banking sectors with their 3,500 less significant banks; and  •  conducting day-to-day supervision of the 123 banking groups with 1,100 directly supervised banks.
All in all, in our first year of operation we have laid the foundation for tough and fair supervision. And I am satisfied with the results we have achieved. But as some of the well-wishers pointed out on our anniversary, there’s still room for development and improvement.