I have been to the City quite frequently during my academic career, but this is the first time in my new capacity as President of the Deutsche Bundesbank. A good thing about my new position as opposed to being an academic is that there will be no discussant of my remarks today!
Fellow Governors, I believe you  BIS central bankers’ speeches  1  have already received a brief on the issues in the technical Report from your technical staff this morning. Without wishing to pre-empt the discussions, I would like to briefly highlight the following issues which I think merit particular attention today.