Conclusion I will conclude by looking to the future and the challenges ahead. We recognise that banks face continued headwind on profitability, the on-going drag of non-performing loans, new and emerging risks such as cyber threats and the implementation and full application of regulatory reform from Basel III and the second pillar of Banking Union, the Single Resolution Mechanism.
The Chairman of the Board of Governors of Danmarks Nationalbank would be given a seat on the Governing Council of the ECB. This would give us a say in relation to monetary policy and other key decisions concerning monetary conditions in the euro area. Today, I am a member of the General Council of the ECB, which meets every three months.