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… attached to its functioning, the ESM’s role in the Economic and Monetary Union (EMU) was marked by the difficult economic environment in which it was created. As such circumstances became less apparent, some of its core characteristics had to be revisited in order for it to fit the EMU post-crisis’ version of economic governance. After dealing with an economic crisis, the ESM was now facing an existential one. It is in this context that both EU institutions and Member States proposed amendments … in 2014, by expanding its toolbox to include a bank recapitalisation instrument18. The same year, the Single Resolution Mechanism (SRM) was adopted19, and with it was established the SRF20. The idea to provide a safety net to ensure the Fund’s liquidity was conceived as a way to guarantee the effectiveness of the SRM21. The Fund, composed of national banks’ contributions, would be supplemented by a source of funding that could double its initial target size if implemented. A first suggestion … specifically prevents members of the Board from disclosing confidential 125 Draft on revised ESM Treaty, recital 7. 126 On 16 May 2013, K. Regling was invited, the Conference of Presidents of the European Parliament. He also took part in workshops between 2013 and 2016. 127 Draft on revised ESM Treaty, art. 30(5). 128 European Court of Auditors, “Opinion, 2/2018: The audit and accountability considerations concerning the proposal of 6 December 2017 for the establishment of a European …

… COACHING TRAJECTORY ACTIVITY In a competency-coaching trajectory (CCT) students systematically work on the development of competencies as the main objective of the course itself. Elements in a CCT are an introduction in competencies e.g. via the workshop ‘discover your competencies’ by UM Career Services, and two or three of the following activities: •meeting with a career counsellor | • coaching trajectory in which students regularly meet a competency or project coach | • peer feedback LEARNING … SUMMATIVE ASSESSMENT • Reflection form. REQUIREMENTS • Alumni and professionals from the workfield who are prepared to give a lecture. UMSPIRATION | INSPIRATIONAL PRACTICES AT UM • FHML Science Cafe | Mini-lectures by FHML researchers 16 WORKPLACE VISIT ACTIVITY The student visits a workplace and gets acquainted with the operations of organisations, and the tasks and responsibilities of professional profiles in a field. LEARNING OUTCOMES By participating in study trips and short visits to workplaces, studens will be able …