It is therefore crucial that further reforms to de-link banks from sovereigns do not lose steam, notably completing the other pillars of banking union. The benefits of strong supervision for monetary policy All these supervisory efforts have not only produced a more robust banking sector; they have also provided crucial support for our monetary policy since we entered a new easing phase in mid-2014.
Jean-Claude Trichet: Hearing before the Economic and Monetary Affairs Committee of the European Parliament Introductory remarks by Mr Jean-Claude Trichet, President of the European Central Bank, Brussels, 30 March 2009.