This means paying attention to interconnections among financial firms, correlations of asset holdings, and other characteristics that could endanger the nation's financial stability during periods of stress.
The efficient management of NPEs is one of the key challenges that the Greek financial sector faces and of utmost importance for the rebalancing of the Greek economy towards tradeable and export-oriented sectors. In turn, this will also free-up scarce resources for the financing of sustainable investments. I look forward to an exciting discussion and a very fruitful exchange of views.