6  Concluding remarks  Let me summarize my main messages:   Europe is setting standards with respect to macroprudential policy. Germany is about to implement national macroprudential oversight.   Macro analysts are entitled to receive all relevant information in order to be able to deliver early warnings and clear recommendations.
In the process of setting these objectives, we matched our central banking pillars with what is relevant to our stakeholders. Addressing the first pillar, we shall continue to implement a forward-looking monetary policy anchored on credible forecasts and risk assessments.