This is why I am pleased once again to be able to present you with a large number of speakers from a wide array of countries. These talks on cash-related themes will be delivered by leading experts from Japan, India and Europe, but also the United States and Canada. This international variety is a hallmark of our research conference.
Close cooperation at the European and international levels is indispensable in order to supplement microprudential supervision with a systemic view. The  BIS Review 125/2010  1  establishment of the ESRB is an important step in the right direction. Now the challenge for its members is to make it a success. Thank you very much. 2  BIS Review 125/2010