It also clarifies the standards to be met by individuals holding these responsibilities, with a particular focus on senior executives.
Most importantly, the euro area as a whole has finally emerged from recession. So far, we have seen four consecutive quarters of positive growth, and looking ahead, we expect growth to continue. Latest projections by the ECB suggest that euro-area GDP will grow by 1.0% in 2014 and by 1.7% in 2015.