In particular, the Treaties set two essential cornerstones for the design of the monetary policy framework. The first cornerstone is the mandate. The primary objective of the Eurosystem is to maintain price stability. This establishes the criterion of effectiveness, as it implies that the monetary policy toolkit has to be designed in a way that allows the Eurosystem to achieve its goal.
Final remarks In conclusion, I hope that my remarks this morning have been helpful in terms of understanding how we at the Central Bank are approaching the implementation of the ESG regulatory framework for the asset management sector. I hope this seminar is helpful in furthering all of our understanding of the challenges and opportunities from this ambitious regulatory agenda.