This conference is one more such occasion, and I am grateful to the Bundesbank organizers for this opportunity to speak this evening. Several of my recent assignments, both at the Board and in international groups, concerned the continuing effects of financial innovation and liberalization on the scope and scale of financial activity around the globe.
As such, measures to repair and reinforce our financial sector must be taken along with the introduction of fiscal stimuli. In our great nation, banks remain a reliable source of financing for the business sector, and thus, tidying up and strengthening our banking sector must remain a priority for continuous implementation.