In making the latter argument, I will review some of the measures, both longstanding and more recent, that illustrate the point and then suggest some additional steps that might complement existing prudential regulations. Finally, I will offer some more tentative thoughts on the possible implication of this analysis for corporate law fiduciary duties.
Indeed, this afternoon is dedicated to a format that stands for arguments and facts – meaning the opposite of “inexpressible”. In my speech I would like to shed some light on current euro-area developments and the challenges ahead. I will then be glad to discuss with you the picture I have drawn.