As you might know, I used to work for the Bank of International Settlements in Basel. There I experienced how enriching it is to work with people of different cultural backgrounds. However, in this respect, the Bundesbank still has potential for improvement. The share of employees with a migration background is only half as high as in the private sector.
Thank you for inviting me to discuss the progress and developments in relation to implementing the mortgage arrears resolution targets. I welcome the opportunity to discuss the issue and I am also happy to discuss other matters the Committee may wish to raise.