Let me also take advantage of my presence in front of the European Parliament to lay out what I already mentioned in the hearing before the Economic and Monetary Committee on Monday. It is the intention of the ECB’s Governing Council to keep the minimum credit threshold in the collateral framework at investment grade level (BBB–) beyond the end of 2010.
The committee will enable the regular tracking and monitoring of the financial system and provide recommendations to the financial regulators and to the government that will support the stability and proper functioning of the financial system.