Our legal services – together with those of the Commission and the European Council – are examining closely the possible modalities of participation of non-euro area Member States within the legal constraints of our Statute.
The third key issue for the supervisory framework is one that I suspect is particularly close to your hearts: how the ECB will be accountable for its supervisory actions to the citizens of Europe and their elected representatives. While the independence of the supervisory function is important, so is its accountability. They are, after all, two sides of the same coin.