It is an important part of rebuilding our market for housing and housing finance, but it is only a part. In addition, we must think carefully about longer-term policy and market changes that may affect Americans’ housing options for years and even decades to come. This is important work, and I appreciate your participation in the forum today. Thank you.
To ensure that the ECB acts in the best interest of European citizens, we have strong safeguards in place to verify that we act in accordance with our mandate and that our independence is protected. With regards to our mandate, we are subject to judicial review by the Court of Justice of the European Union and we are accountable to the European Parliament.