Economists have a name for this common-sense notion: the Tinbergen 2/4  BIS central bankers' speeches  principle. Effective supervisory, regulatory, and macroprudential policy tools appear to be well placed to address financial vulnerabilities.
In addition, the regular publication of the Governing Council’s assessment of the current economic situation and the risks to price stability are an important part of our striving for transparency. Monetary policy decisions are regularly explained in the press conference that we give after the first meeting of the ECB Governing Council every month.