I would urge all national banking supervisory authorities in the context of the newly established Committee of European Banking Supervisors to deliver concrete results in a reasonable period of time in the area of convergence of supervisory tools and practices. This should include supervisory reporting in order for the industry not to see any difference all over Europe when submitting data to supervisors.
Source: Laubach and Williams (2003), “Measuring the Natural Rate of Interest,” Review of Economics and Statistics, Holston, Laubach, and Williams (2017), “Measuring the Natural Rate of Interest: International Trends and Determinants,” Journal of International Economics, and Pedersen (2015), "The Danish natural real rate of interest and secular stagnation", Danmarks Nationalbank Working Papers.