As is always the case in periods of high inflation, the consequences for the population were disastrous. The agenda for the new bank can thus be summarized quite briefly: get the monetary system back in order. The most important ingredient for stability was the reestablishment of trust.
Our first topic revolved around extending central clearing. Looking back at the pandemic, CCPs (Central Counterparties) have played a key role in stabilising financial markets. They upheld trust among market participants and maintained a steady market supply. And it seems that CCPs (Central Counterparties) are functioning smoothly and contributing to stability and security in the current situation.