Cœuré: The other side of the coin is, as Jörg has said, that the Governing Council has a European mandate. The governors of the national central banks come here in a personal capacity – they do not represent their institutions or their countries – and should be accountable for what they do. You said that change might come soon.
I am sure that the deliberations in this conference will generate practical ideas on the future role of FEDAI, especially as we continue to make progress in our calibrated approach towards capital account convertibility coupled with the measures being taken to deepen and broaden our forex market and facilitate greater use of Indian Rupee, particularly in the trade account.