The Governing Council has since been reflecting on the publication of  6  6  For more details see lecture by M. Draghi, “A consistent strategy for a sustained recovery”, at Sciences Po, Paris, 25 March 2014, http://www.ecb.europa.eu/press/key/date/2014/html/sp140325.en.html. BIS central bankers’ speeches  some record or account of its policy deliberations.
The legislation to effect this transfer is currently being finalized and is expected to be presented to Parliament by the end of July or early August. In the meantime preparations for the transfer are proceeding apace. 2  BIS Review 36/2003  Internal re-organisation ·  A new structure in the Bank Inspection Department has been adopted to deal with these expanded supervisory responsibilities.