Given the disincentives and legal obstacles to exchange information, the institutional framework must be compatible with the confidentiality of supervisory policies. To sum up, the institutional framework underpinning prudential supervision in Europe needs to be changed. This requires political will and political decisions.
Spain and the Netherlands agree on this. They agree that it is important to have one single market for capital across the EU. One single market in which investments and savings can flow freely. One single market to benefit consumers, investors and companies, regardless of where they are located.