And, at larger companies, where systems have been adapted to the new requirements, compliance now should be more routine, freeing time and attention to concentrate on business strategy and expansion. If these types of influences have had any restraining effects, they should be receding. Changing replacement cycles are another potential downward influence on the pace of investment.
European Central Bank: Press conference - introductory statement Introductory statement by Mr Willem F Duisenberg, President of the European Central Bank and Mr Lucas Papademos, Vice-President of the European Central Bank, at the press conference held in Frankfurt, 10 July 2003.