we have with the banks. i would therefore also like to thank the representatives of the supervised institutions for the mutual trust we have built up together. i am thinking in particular of the risk directorates. in the vast majority of cases, we work in a calm and constructive manner, in the common interest of a more resilient european banking sector. this is an important asset. given the difficult challenges that lie ahead in the very near future, in europe and around the world, we will need more than ever to rely on these relationships of trust. it's now time for me to conclude. i would like to thank you for your attention, both on site and remotely, and to thank the various speakers for the quality of the debates and presentations. let us continue to work together to ensure that the ssm remains the world - class supervisor that we have built : an asset for a resilient and competitive 2 / 3 bis - central bankers'speeches european banking sector, a token of confidence for european citizens and, last but not least, a support for our common currency and european integration as a whole. thank you all very much. 3 / 3 bis - central bankers'speeches

denis beau : ten years of single supervisory mechanism ( ssm ) banking supervision - key achievements and main challenges ahead closing speech by mr denis beau, first deputy governor of the bank of france, at the conference held at the prudential supervision and resolution authority ( acpr ), paris, 26 june 2024. * * * ladies and gentlemen, i would like to say a few words in conclusion, without, however, coming back on all that has already been very well developed throughout this conference. the discussions we have just heard inspire me with this image that the ssm is like a tree. i. the ssm " tree " can rely on its solid roots first of all, it seems to me that this unprecedented and ambitious mechanism is now very firmly established thanks to solid roots. these roots stem from the founding texts that we have built, discussed and enforced together, such as the ssm regulation and the ssm regulation framework. in addition, the robustness of ssm regulatory roots also result from ( i ) their concrete operational implementation and ( ii ) the way in which sb chairs and teams have taken over and shaped a solid and demanding system. i would therefore like to pay particular tribute to their work, which has helped to bring a unique mechanism out of the ground. i will come back to this later. like the roots of a vigorous tree, the project has been able to grow and strengthen, nourished by values based on cooperation and pragmatism. ssm teams were able to create a framework of confidence to ensure effective supervision : trust among supervisors and between supervisors and supervised institutions. this environment of trust has provided the basis for building an ambitious and demanding mechanism. the teams involved in the implementation managed to exchange and adopt best practices in a co - construction spirit. in that view, we can be particularly proud of the way in which the joint supervisory teams – jsts – operate. these multinational teams are a concrete demonstration of the success of european integration and cooperation. they have truly succeeded in transcending the national visions that might have seemed an obstacle at the outset of the project. i would add that, in the same spirit of cooperation, the ssm has succeeded in implementing, in a very practical way, a level - playing field across institutions. i can tell you, as a supervisory board member that this fair treatment and the sense of proportionality are always at the heart of our discussions and decisions. i believe that this has contributed to establish a high level of