 Since 2014, the European Central Bank has been responsible for making sure that banks are doing their job in the right way, that they are strong enough to deal with any trouble they encounter. In Europe, banks finance the bulk of economic activity, and this is why it is important that they are healthy and supervised properly. The ECB and the 19 national supervisors from the Euro area work closely together to ensure that all banks are supervised according to the same high standards and are treated equally. European banking supervision draws on the experience and expertise of supervisors from all over Europe to benefit from the best practices available. This helps to develop a consistent and effective approach. Supervisors check whether banks have the capital needed to deal with potential risks. They make sure that banks reduce risks if necessary, and check that they are in good health. This matters to all of us. We depend on banks. We use them all the time. We entrust them with our money, so banks have a big responsibility to act prudently and to plan for the challenges they might face. To achieve this, European banking supervision closely watches banks' capital, liquidity and management practices, for example. The supervisors propose measures which are decided upon by the supervisory board and endorsed by the governing council. A stable and sound banking system is good for the economy. European banking supervision, safer banking for all.