On the other hand, while stock prices were on an upward trend from the spring of 2009 due to improved economic sentiment, they have been falling sharply since the beginning of May in tandem with the decline in U.S. and European stock prices reflecting the emergence of the problems surrounding Greece.
In general, I believe that the SSM will become one of the leading banking supervisors in the world, applying the best possible tools for supervision – and developing such tools also for other supervisors. High-quality supervision will benefit those banks acting prudently and with most efficient business structures.