Jean-Claude Trichet: Remarks on the future of European financial regulation and supervision Keynote address by Mr Jean-Claude Trichet, President of the European Central Bank, at the Committee of European Securities Regulators (CESR), Paris, 23 February 2009.
IFIs relationship with such enterprises ought to be of long-term nature with active involvement in governance in contrast to a short-term, transactional relationship. Among others, some expertise about business of such enterprises would be prerequisite for IFIs for them to assess appropriately business risk and to effectively monitor their operations. Disclosure and transparency.