5  BIS Review 81/2000  Ladies and gentlemen, I am convinced that with such an evolutionary and flexible approach which does not create a precedent for any financial market trends and which will later open up different institutional opportunities, challenges to supervisors can be met successfully in future, too. BIS Review 81/2000  6
European Central Bank: Press conference - introductory statement Introductory statement by Mr Willem F Duisenberg, President of the European Central Bank and Mr Lucas Papademos, Vice-President of the European Central Bank, at the press conference held in Frankfurt, 8 May 2003.