In this report, we summarise our monitoring and assessment of the stability of the euro area financial system. So, to conclude on the process of financial integration, it is generally agreed that deepening financial integration is beneficial on the whole.
I have every bit of confidence to know that it will find the answer to the difficult questions when our present position is that of relative strength. It is after all, all about who we are who we serve, and, now is the time to show what we are made of. Thank you very much and good morning. BIS Review 29/2009  3