The lecture notes split this journey into ten sections and casts light on both struggles and successes along the way. Section 1 summarises how the recommendations of the Committee on the Structure of Financial Supervision led to the establishment of a systemic risk council in Denmark.
*  *  *  ECB remains faithful to its monetary policy strategy The EU Treaties define the maintenance of price stability as the European Central Bank’s (ECB) primary task. They leave open the exact numerical definition of price stability. In 1998 the Governing Council of the ECB defined price stability as a medium-term inflation rate of below 2%.