We are also today publishing a Payments Oversight Report which explains how we discharge our various responsibilities in this area in order to ensure that the economy has reliable and effective payments systems to allow for the smooth functioning and delivery of everyday financial transactions. Finally, the annual report details the Central Bank’s accounts. The Bank’s profits for 2009 amounted to € million.
This is nothing new, but it is especially relevant in the light of recent events in the global economy. As witnesses of the responses, we see that policy design and implementation also adapt to the different characteristics of each country in the developed world. Financial instability appears as a greater demand for risk rewards.