It is my pleasure to welcome you to this second ECB Forum on Banking Supervision. When I spoke at the Forum in 2015, European banking supervision had only been in operation for one year. Much had been achieved in that time – not least the comprehensive assessment of bank balance sheets – but in many ways the single supervisor was still untested. We saw European banking supervision as having two main objectives: to reduce bank-specific risks through tough and forward-looking supervision; and to reduce country-specific risks in the banking sector by applying those same high standards across the whole of the euro area. ... (full story)