  First, different tasks are bundled in the ECB. Alongside its actual task of monetary policy, the ECB Governing Council is ultimately also responsible for supervisory issues. These relate to microprudential and macroprudential supervision, with the latter addressing the stability of the financial system as a whole.
Thus, a second line of defence will be drawn, on the macroprudential level, which will only come into play if an institution breaks the first line of defence and becomes insolvent. Its aim will be to curtail the impact of individual insolvencies on the financial system as a whole and to increase the financial system’s transparency.