Mario Draghi: Interview in Le Journal du Dimanche Interview with Mr Mario Draghi, President of the European Central Bank, in Le Journal du Dimanche, published on 15 December 2013. *  *  *  Is Europe finally returning to growth? Growth has returned, but it is certainly not very strong. It is modest, fragile and unequal.
The regulation and supervision of financial institutions must be nimble to address new risks to safety and soundness and financial stability, but should always consider tradeoffs and potential unintended consequences, like increasing the cost of lending or pushing financial activities outside of the regulatory perimeter into the shadow banking system.