The problems which are being experienced in this initial period can be regarded as teething troubles; after all, it is completely normal for operators – both in commercial banks and at the central bank level – to need some time to adapt to the system and to the new euro environment.
In my mind, it makes good sense for the EBA and ECB to address these matters. Supervisory and administrative boards are extremely important bodies. It is therefore essential that their members ask the right questions. To do this, they need to be uninfluenced by other interests. And their professional skills need to be tip-top.