Jean-Claude Trichet: Interview with Izvestia Interview with Mr Jean-Claude Trichet, President of the European Central Bank, and Izvestia, conducted by Ms Anna Kaledina on 11 October 2007. *  *  *  - May I ask you your opinion about the global liquidity crisis? At what stage is it at the current juncture?
To help ensure that a global move toward central clearing of derivatives actually reduces systemic risk, it is critical that central counterparties in the derivatives market be very sound and stable.