Today, I will focus my remarks on why supervisory information is relevant for central banks in general, and for the ECB in particular, in three core central banking functions: monetary policy, liquidity policy and financial stability assessment. I will consider each of these in turn. 2.
Erroneously dismissing the continued validity of old truths could result in bad policy just as easily as failing to correctly recognize new realities when change occurs. What should be done when uncertainties seem particularly acute?