Last but not least, the effects of digitalisation and new technologies also need to be studied in the context of cyber resilience, in both our operator and overseer functions. The objective continues to be to have resilient infrastructures and smoothly functioning payment systems which guarantee the proper transmission of monetary policy.
As a catalyst, the overarching goal is still to fulfil our tasks as laid down in the Treaty and to support the creation of truly single European market for payments and securities. We strongly believe that the Single Market brings improvements in efficiency and contributes to economic growth.