In my remarks today, I want to address some of the problems that the financial crisis has created for the governance of the euro area. The euro area has responded adequately to the challenges that have arisen.
The range of the index lies between 0 and 10 000. 6  See B. Cœuré (2014), “On the optimal size of the financial sector”, speech at the ECB conference on the optimal size of the financial sector, Frankfurt, 2 September. BIS central bankers’ speeches  3  Regulatory environment This brings me to the second part of my remarks: the regulatory environment.