The society and the Bank have a long history of good communication, as indeed is recorded in our Archive, and the first example of this was a speech given by Keizo Shibusawa, then Deputy Governor of the Bank, at the inaugural meeting of the society in June 1943.
It goes without saying that the creation of the ESRB does not change in any manner the allocation of responsibilities among policy-makers enshrined in the Treaty, notably the unambiguous establishment of the maintenance of price stability as the primary objective of the ECB’s monetary policy.