If they want to remain a meaningful part of the financial services industry in the future, they must run their established business more efficiently and more innovatively and, at the same time, ask themselves how heavily they want to rely on the established banking structures making a recovery.
8/9  BIS central bankers' speeches  While these mammoth tasks are being performed, supervisors must not work against the institutions, but must support them. Even if we are first and foremost responsible for financial stability, it is just as important not to curtail economic growth disproportionately. It was always my aim to find this balance and encourage dialogue about it.