I believe that all the federal banking agencies are committed to achieving a revised accord that reflects the realities of the twenty-first century; that meets our needs for a safe, sound, and competitive banking system; and that addresses the legitimate concerns of the industry.
Moreover, it reports quite extensively on the other tasks and responsibilities of the Eurosystem, for instance in the fields of payment and security settlement systems, financial stability and prudential supervision, the preparation of the introduction of euro banknotes and the Eurosystem’s role in European and international cooperation.