Policymakers would also benefit from a more harmonized macroprudential toolkit across countries. Policymakers must always prepare for future financial crises. Financial stability has been strengthened considerably in the EU, but not yet sufficiently. We still need to complete the Banking Union and the Capital Markets Union in order to strengthen the functioning and resilience of the European financial markets.
Dear Anneli, Ladies and Gentlemen, I am convinced, Anneli, that your visionary thinking, experience and drive will be invaluable assets in your future position as the representative of the European Central Bank on the Supervisory Board of the SSM.