The evidence from our increasingly intrusive IT risk supervision indicates that neither the spending nor the governance and control arrangements are adequate to satisfactorily mitigate these risks. Each of these topics, business model development, governance, risk management and culture could form the basis of a speech in their own right, and I will expand on each of these topics in future speeches.
And his comment on the multitude of German hopes regarding Europe was: “ That is just as if Santa Claus came every day!” Well, it seems to me - at least as far as the stability of the euro is concerned - that we should not foist the responsibility onto Santa Claus. Though I do think very highly of him.