Central banks, as ultimate liquidity providers, have a strong interest in the ways banks manage their liquidity. Therefore, with the assistance of the Banking Supervision Committee, the Eurosystem has investigated in detail how banks manage their liquidity, in particular through the use of liquidity stress tests and contingency funding plans. It is worth recalling a few key findings of this analysis.
* * * It gives me great pleasure to welcome Artur Radziwill, Director for Country Economics and Policy of the EBRD, and his colleagues to the Bank of Greece. As you are aware, the Bank of Greece has on several occasions provided the venue for the presentation of the Transition Report and for many other EBRD initiatives.