Q: How has Portugal’s banking sector changed since the financial crisis?
A: Our most immediate concerns were access to liquidity and the strengthening of capital ratios. At the same time, banking supervision became much more intrusive and forward-looking and the regulatory environment was significantly strengthened. The country’s full participation in the banking union, and particularly in the single supervisory and resolution mechanisms, can be seen as a natural corollary of the much more demanding strategy that we have consistently been following since mid-2010.
