The ECB has, I trust, lived up to its responsibility and delivered what had been promised to our people: a stable currency, as credible and as inspiring of confidence as the best of the legacy currencies. The euro has also been a force for stability in what is now a more than three-year period of economic and financial instability.
There is an important correlation between the areas covered by a BSA/AML examination and an institution’s overall risk management and internal controls. Thus, bank examiners take into account an organization’s enterprise-wide corporate governance mechanisms and how they are applied.