We are both grateful for the excellent job that Ms Claudia Stirböck has done over the past five years as our chief representative in New York: she played a vital role in the exchange between the Bundesbank and the Federal Reserve and was instrumental in shaping our understanding of US regulatory policy during her tenure.
I am pleased that she will continue to apply her broad expertise back home at the Directorate General Economics in our Central Office. Ms Stirböck leaving our New York office is a loss, but I am confident that Ms Gabriele Kabelac will be an excellent successor. Coming from our Directorate General Economics, she brings profound financial sector knowledge with her.