In order to retain a power balance, we have to allow for multi-level governance. We should aim for an open-minded leadership that governs the SSM according to supreme aims. Let me reiterate three important aims and implications. •  Risk-adequate supervision implies that we should allow for flexible supervisory requirements when applicable.
In addition to the liberalization of trade in goods and services, this model involves the free movement of labour and capital, a regional strategic sectoral plan, the adoption of a harmonized investment code and the development of a regional capital market. Greater integration along these lines could be a critical input in improving competitiveness.