To improve is to changeThe changes we implemented during and after the Global Financial Crisis of 2008 are a great example of this. We introduced a broad and comprehensive reform agenda, which led to the adoption of the Basel Committee standards. This agenda has proved its worth time and again, helping us navigate many challenging new events.
As such, we now undeniably have a more consistent overall operating framework for the EMU. 1/4  BIS central bankers' speeches  However, as several speakers at this Conference have already noted, the progress we have made so far, although impressive, is still not enough.