Yves Mersch: From Basel III to European banking regulation Dinner speech by Mr Yves Mersch, Member of the Executive Board of the European Central Bank and Vice-Chair of the Supervisory Board of the European Central Bank, at the IIF 6th Annual European Banking Union Colloquium, Frankfurt am Main, 25 November 2019.
But monetary policy cannot be called on to overcome the crisis. A sustainable resolution to the crisis lies in the hands of the Member States. So this evening I would like to look at two questions: •  First, what is the role of monetary policy in overcoming the crisis?