Mr Draghi said last Thursday that there had been a brief discussion of negative interest rates and that any further LTRO would have to involve an extension of lending to the real economy. Are these two policies for which you feel as though you could build a strong consensus of support on the governing council should economic – or financial – conditions disappoint?
Just last week we established the Euro Cyber Resilience Board for pan-European financial infrastructures to create a regular forum to enhance the cyber resilience of financial market infrastructures, their critical service providers and the wider EU financial sector. 8 Such efforts are critical in an environment where both the level and scope of cyberattacks are growing rapidly.