The ECB President will chair the  4  BIS central bankers’ speeches  ESRB and the ECB will provide analytical, statistical and logistical support to the ESRB, as well as its Secretariat. The establishment of the ESRB is a key milestone in how Europe deals preventively with systemic risks.
*  *  *  I would like to thank Sébastien Pérez-Duarte and Jirka Slacalek for their contributions to this speech; all views expressed remain my own. Distinguished members of academia, dear colleagues: Thank you for contributing to the ECB Conference on Household Finance and Consumption.