It must be able to intervene effectively in cases where, on the basis of solid evidence, it considers that it must object to the appointment of directors and senior managers or remove them from office. Good finance contributes to the working of the economy, to efficient allocation of risk, to removing liquidity constraints that can impede innovation and growth.
Mario Draghi: Hearing before the Plenary of the European Parliament on the occasion of the adoption of the Resolution on the ECB Annual Report 2012 Introductory statement by Mr Mario Draghi, President of the European Central Bank, at a hearing before the Plenary of the European Parliament on the occasion of the adoption of the Resolution on the ECB Annual Report 2012, Strasbourg, 12 December 2013.