I would like to talk about the role the legal community can play in ensuring that the important basic elements of risk management and internal controls are effectively addressed on a proactive basis, rather than after problems arise. First I will describe some problems we have recently seen at financial institutions.
*  *  *  Ladies and gentlemen, let me welcome you to our press conference and report on the outcome of today’s meeting of the ECB’s Governing Council. The meeting was also attended by the President of the Eurogroup, Prime Minister Juncker, and Commissioner Almunia.