These phenomena are associated with the greatly increased inflows of overseas capital in search of arbitrage profits. Policy tasks in response to the increase in cross-border capital flows With free flows of capital, the roles of the policy authorities in advanced countries and the world's leading financial institutions are extremely important in securing international financial market and global economic stability.
As regards the ECB and its General Council we stand ready to do all what we can for the European Systemic Risk Board to fulfil its very important systemic responsibilities in the best fashion possible to the service of the European financial stability.” Are you satisfied with the outcome of the G20 meeting in Pittsburgh?