In 2011, the tasks of the Bank were extended substantially. Our institution took over responsibility for the prudential supervision of financial institutions. With the introduction of the “Twin Peaks” model, on 1 April 2011, financial supervision is now based on two pillars. One pillar is the Bank, which is now in charge of not only macroprudential but also microprudential supervision. The other is the Financial Services and Markets Authority, which oversees the operation of the securities markets, compliance with the code of conduct, and consumer protection[...]