Analyses that form a basis for the Bank’s assessment of risks in the financial system as a whole are semiannually published as the Financial System Report. The next issue will be published in mid-October and I hope you will have a chance to read it. Concluding remarks Let me conclude by briefly touching on the Bank’s monetary policy management.
•  And finally, bank’s dependence on central banks liquidity intermediation is waning, to some extent as the early repayment of more than a quarter of the LTROs shows. Looking at the banking sector, the aggregate solvency position of euro area banks has been steadily improving.