In his remarks, Andreas mentioned the interaction of monetary policy and macroprudential policy. I will pick up the baton there. I will conclude by giving my thoughts on Banking Union.
But in the first part of my remarks today I will endeavor to address how new measures to address financial stability have changed how we supervise banks and discuss how in turn, our supervision promotes and contributes to safeguarding financial stability. The Central Bank of Ireland has a wider and more diverse mandate than most Central Banks.