Indeed, they are part of our everyday business life at the Bundesbank. For example, when providing information on the steps taken to develop the strategy, we did not limit ourselves to the various internal communication channels available. We also placed the adopted strategic and development objectives of each strategy on the Bank’s intranet.
Second, the Capital Markets Union (CMU) agenda now takes on greater urgency, in order to enable deeper and more liquid markets in euro-denominated instruments. This is essential if the euro area is to reap the benefits from a more balanced financial system, in which equity and bond markets offer an alternative to banks in intermediating funds between savers and investors.