- all banks must be safe, profitable, well-capitalized
- addressing national discrepancies will be a priority
- ECB’s SSM needs harmonized European regulation
- ECB has asked some banks to re-submit their plans for capital shortfalls from stress tests
- banks must have diversified business models, urges them to consider closing,selling off loss-making branches and subsidiaries
ECB supervisory chief speaking in London
Nouy- be safe, be profitable, be capitalised
