It will count also on the close link to the national supervisory authorities, particularly here the FSA and its chairman, Lord Turner. Set up in this way, it will provide a significant contribution to the resilience of the financial system. We have to succeed.
At stake is not only the stability of one of the world’s largest financial systems, but also the support from the over 490 million citizens in the European Union who  6  BIS Review 166/2009  are watching our efforts very closely.