I know that this is easier said than done. The establishment of European banking supervision under the auspices of the ECB, and of the three European Supervisory Authorities, 1 gives us a unique opportunity to make progress in this area in Europe. 1  2  The European Banking Authority, European Insurance and Occupational Pensions Authority and European Securities and Markets Authority.
If fostering interaction and competition among companies is important in normal times, it is even more so in times when problems are more urgent, when decision-making processes need timely and high-quality studies, which can benefit from broader cross-country perspectives. These international awards are a way of encouraging both competition and cooperation.