The strong determination of the German people to keep the value of their money stable on a lasting basis had initially provided the Bundesbank with a broad constituency that shared this conviction about importance of price stability and its task “to  BIS Review 104/2007  1  safeguard the currency”, or “die Währung zu sichern” as it says in the Bundesbank Act.
1 The emerging structure of financial regulatory reform The crisis arose against the backdrop of a regulatory system that had not adjusted to the extensive integration of traditional lending with capital market activities, which had created new sources of systemic risk.