The supervisory cycle begins once an institution has been granted a licence to conduct banking business or financial services and potentially ends with supervisory crisis management or once the institution has been resolved. In between, there are a variety of interesting individual aspects of supervision concerning, for instance, governance, solvency and liquidity, but also including questions relating to the protection of customer deposits. New business forms in the financial industry (digitalisation and electronic money, to name just two examples) are likewise becoming increasingly important.