This will ensure that, also in a significantly enlarged euro area in the future, the Governing Council will maintain its capacity for timely and efficient decision-making. Upon accession, the new Member States will join Economic and Monetary Union with the status of “countries with a derogation”, and their central banks will become part of the ESCB.
Rasheed Al Maraj: Financial technology and its impact on the banking and financial sector Keynote address by His Excellency Rasheed Mohammed Al Maraj, Governor of the Central Bank of Bahrain, at the 1st Middle East and Africa FinTech Forum, Manama, 29 March 2017. * * * Your Excellencies, distinguished guests, ladies and gentlemen, Assalam u Alaikum and good morning.