In my following remarks, I would like to give a brief outline of the new architecture, address the role that central banks should play in this framework, and point out some crucial issues that still need to be discussed. 3.1.
The draft decree implementing the directive also conflicts with Senate Bill 1366 presented by the Government on 5 March 2007 concerning, among other matters, the reorganization of the tasks of the authorities responsible for supervising the financial markets.