In order to make such a single European restructuring and resolution regime lawsuit-proof, a change to primary law is required here, too. In my view, the current legal framework for the establishment of a special resolution authority for the euro area, with extensive powers of  2  BIS central bankers’ speeches  intervention, is insufficient.
Therefore, as bank owners, it would be appreciated if you could kindly be more susceptible to cooperation and coordination to achieve the results that we all strive for. Moving on, the fourth step that we will take in 2007 is directed towards facilitating a smooth banking intermediary function, which has become the focal point of the problems faced by our banking industry recently.