The higher steering committee and the work teams are working in synergy with all parties involved in the process, and with the utmost cooperation of the Ministry of Finance, the Ministry of Justice, the National Economic Council, and other entities.
In the euro area, even as the European Central Bank has assumed responsibility for monetary policy, some national central banks or other national authorities have retained substantial supervisory powers. Various other institutional arrangements exist around the world, including the more traditional model in which the central bank also serves as a supervisor of the banking system.