These proposals will be taken up by the taskforce chaired by European Council President Van Rompuy which is looking at economic governance in the European Union. The taskforce is expected to report to ministers by October 2010. The recent experience in the euro area also shows that surveillance cannot be “outsourced” or delegated to markets.
One of the objectives of this Seminar was to contribute to a better perception of this fact, an objective which I believe has been fully achieved. Thank you for your attention. 4/4  BIS central bankers' speeches