Business reorganization is taking place in various different forms, such as mergers between financial institutions beyond the confines of their own corporate groups, integration of trust bank business and that of securities business within financial groups, and plans for super-regional banks. The most important thing is for financial institutions to find ways to take full advantage of business reorganization to reform their business management.
The EBA is also currently developing a supervisory handbook which reflects best supervisory practices across the EU. The ECB is cooperating with the EBA to ensure that its own supervisory manual and the EBA handbook are consistent. Here again, the existence of the SSM has the scope to help the EBA’s work, as all SSM members will naturally converge in their supervisory practices.